NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan
NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan
.Shettima: New medium-term strategy will consolidate reforms, align with Agenda 2050
.Polio variant threatens north west as nation steps up vaccination
.Account balances as at August 27 stand at $535,823.39 for excess crude account; stabilization account – N78,453,757,583.19,
natural resources account – N106,727,969,527.59
Deji Elumoye in Abuja
The National Economic Council (NEC) on Thursday rose from its monthly meeting with the endorsement of the framework for the five-year Renewed Hope Development Plan from 2026 to 2030
The plan is aimed at consolidating Nigeria’s reform agenda and actualize the $1 trillion economy target of the administration of President Bola Tinubu.
This formed the highpoint of the resolutions reached at the 151st meeting of the Council, which commended the Federal Ministry of Budget and Economic Planning for kickstarting the process and also urged the effective participation by all states and stakeholders to ensure inclusivity and accelerated growth.
The NEC meeting presided over by Vice President Kashim Shettima at the Counci Chambers of the State House, Abuja,
also asked the Accountant General of the Federation to accelerate the release of funds for the next round of the national polio immunization campaign to ensure a hitch-free exercise.
Chairman of the Council, Vice President Shettima, in his remarks, said the new national development plan will build on existing policies, deepen continuity, and align Nigeria’s growth trajectory with the long-term goals of Nigeria Agenda 2050.
He described the transition as critical to sustaining the country’s economic trajectory and consolidating the administration’s ongoing reforms.
His words: “Another major consideration today is the expiration of the National Development Plan 2021–2025 and the preparation of its successor, the Renewed Hope Plan 2026–2030.
“This, to us, is no ordinary transition. It is the bridge between lessons learnt and ambitions pursued. The Renewed Hope Plan will consolidate ongoing reforms, deepen policy continuity, and align our medium-term strategies with the long-term horizon of Nigeria Agenda 2050. It’s a practical roadmap towards a $1 trillion economy by 2030″.
The Vice President emphasised that the plan will be participatory rather than top-down, engaging multiple tiers of government, civil society, and private actors.
“What is even more crucial is that this plan will not be drawn from the ivory towers of Abuja alone. It will be participatory. We are going to keep on engaging state governments, local governments, organised private sector, civil society, labour, youth, and traditional institutions, and the conversation begins here today,” he noted.
Shettima also announced that NASENI has scaled up local production of solar-powered irrigation pumps to reduce energy costs for farmers and expand dry-season cultivation.
“This is the story of the nation’s refusal to be hostage to petrol-powered systems. This is an intervention to lower farmers’ energy costs, expand dry-season farming, and reinforce food security,” the Vice President stated.
On the role of NEC as a problem-solving platform, Shettima urged members to maintain the Council’s focus on translating policies into real outcomes for citizens.
According to him: “Distinguished colleagues, you have made sure that this Council is not a stage for applause. You are the reason it is a workshop for solutions. Let this 151st meeting echo as a continuation of our covenant.
“Let it be remembered not only for the issues tabled but for the resolve shown. Let it move from chamber to community, from rhetoric to result”.
On preparations for the next round of the national immunization campaign, NEC called on the Accountant General of the Federation to expedite the release of funds to ensure a hitch-free exercise.
The Council also urged partners to leverage technology to strengthen surveillance and tracking systems in Nigeria’s routine immunization programme.
Shedding more light on the issue, Governor Inuwa Yahaya of Gombe state, told newsmen after the NEC meeting that Nigeria is recording notable gains in its renewed push against the polio virus, but the persistence of a vaccine-derived variant in the North West
continues to be of concern.
He stressed that recent interventions were already yielding results and recalled that the National Committee on Polio Eradication, inaugurated in December 2023, had since held several sessions to review progress and fine-tune strategies.
He disclosed that while Nigeria was declared free of wild poliovirus in 2020, the fight has shifted to containing a circulating variant, concentrated mainly in Kano, Katsina, Kebbi, Sokoto and Zamfara states.
“As of the 33rd epidemiological week in 2024, Nigeria recorded 78 cases. That figure has now dropped to 42, showing a clear downward trend,” the Gombe Governor said.
According to him, Kano and Katsina recorded remarkable reductions of 65 per cent and 84 per cent respectively, while Gombe has maintained a clean slate this year.
Sokoto, however, remains the epicentre, accounting for 13 of the 23 cases reported nationwide so far in 2025.
Yahaya outlined improvements in surveillance and vaccination saying settlements tracked with geo-coordinate data increased from 71 per cent in April to 78 per cent in June, while vaccination coverage rose from 81 to 84 per cent within the same period.
“The first round of in-between activities across 11 high-risk states reached 77 per cent of targeted settlements, with about 2.7 million children vaccinated, representing 83 per cent coverage”.
Beyond vaccination, he stated that integrated health services were offered, including nutritional supplements for pregnant women, malaria prevention kits and other maternal-child health interventions, designed to boost community acceptance.
He announced that the second round of immunization will run from September 11 to 14, 2025 across 11 high-risk states, while a broader integrated nationwide campaign will follow in October, 2025.
According to him: “That campaign, targeting children aged 0-14 years, will deliver measles, rubella, polio and malaria vaccines, alongside treatments for neglected tropical diseases, in a two-phase rollout to maximize coverage.
“To ensure effective delivery, the committee urged state deputy governors to personally chair task force meetings at least two weeks before each campaign round, particularly in Kano, Kebbi and Sokoto.
“Commissioners for Health and heads of primary healthcare agencies are to lead post-campaign reviews and mop-up exercises, while local government chairmen will be tasked with grassroots mobilization”.
Yahaya further appealed to security agencies to safeguard health workers in conflict-prone areas, stressing that vaccination teams often face risks in hard-to-reach or volatile communities.
He also underscored the need for timely funding, revealing that the committee has called on the Accountant General of the Federation to expedite disbursements for primary healthcare.
“Eradicating polio remains a national priority. With sustained commitment, adequate resources, and strong security backing, we can rid Nigeria of this disease once and for all.”
On cross-border risks, he cautioned that porous northern frontiers remain a weak link.
“Nigeria was declared wild polio-free in 2020, but what we are fighting now is a variant that spreads easily across borders.
“Communities along the Niger and Chad borders remain vulnerable. That is why we are intensifying vaccination coverage to ensure that no variant, whether homegrown or imported, gains ground again”, Inuwa further explained.
Other highlights of the meeting include update on the account balances as at August 27, 2025 as presented by the Accountant General of the Federation, Shamusideen Ogunjimi, who represented the Minister of Finance and coordinating Minister of the Economy, Wale Edun are Excess Crude Account – $535,823.39; Stabilization Account – N78,453,757,583.19 and
Natural Resources Account – N106,727,969,527.59.
On the proposed new medium-term plan, the Budget and Economic Planning ministry urged NEC to note that the first in the series of the six five-year medium-term plan, NDP 2021 – 2025 will elapse by December, 2025 and the successor in the series, NDP 2026 – 2030, christened Renewed Hope Plan 2026 – 2030 (RHP 2026 -2030) will be developed;
.That the process of developing the RHP 2026 – 2030 will be participatory, requiring the involvement of Nigerians from all spheres of life;
.That since the process of preparing the RHP 2026 – 2030 will be participatory, three governance structure will be put in place as follows: National Steering Committee (to be co-chaired by Public and Private Sector), Central Working Group (CWG) and Technical Working Groups (TWGs);
.That the Federal Ministry of Budget and Economic Planning plays a central role in shaping national developments and strengthening the management of our federal system through its planning mandate.
.That the preparation of the new plan will effectively commence in the month of September, 2025, so that it can be completed on time for Mr. President to launch before the end of the year as MDAs are expected to derive their 2026 budgets from the new plan;
.That in the fullness of time, Mr. President would inaugurate the NSC, while the Vice President, would inaugurate CWG and the TWGs that would be handling the different sectors of the economy; and
.Provide all necessary support and enabling environment for the full and effective participation of state teams or representatives on the preparation of the RHP 2026 – 2030.
NEC thereafter observed the foresight of the Ministry of Budget and Economic Planning and the importance of kickstarting the process of creating and new National Development Plan for the Country.
Council also urged effective participation by all states and stakeholders to ensure inclusivity and accelerated growth and approved the proposal for the New National Development Plan – Renewed Hope
The post NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan appeared first on THISDAYLIVE.
.Shettima: New medium-term strategy will consolidate reforms, align with Agenda 2050.Polio variant threatens north west as nation steps up vaccination .Account balances as at August 27 stand at $535,823.39 for
The post NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan appeared first on THISDAYLIVE.
Hot Source
