The National Economic Council (NEC) has approved the Renewed Hope Development Plan (2026–2030), a five-year strategy to fast-track Nigeria’s growth to a $1 trillion economy by 2030.
Vice President Kashim Shettima said the 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.”
At the Council’s 151st meeting, the Accountant General of the Federation, Shamseldeen Ogunjimi, disclosed that the Excess Crude Account has dropped to $535,823.39, while the Stabilisation and Natural Resources Accounts hold N78.45bn and N106.72bn, respectively.
Despite lean balances, NEC endorsed the plan, with Shettima describing it as “no ordinary handover but a critical bridge between lessons learnt and ambitions pursued.” He added that the framework will be participatory, involving government, private sector, labour, civil society, and traditional institutions.
On food security, Shettima announced that NASENI has scaled up local production of solar-powered irrigation pumps, saying: “This is the story of a nation’s refusal to be hostage to petrol-powered systems.”
The Council also directed the release of funds for the next polio immunisation campaign, following a 46% drop in cases in 2025, though Sokoto remains a hotspot. Gombe Governor Inuwa Yahaya confirmed gains in Kano and Katsina.
Budget Minister Atiku Bagudu explained the plan is the second of six five-year frameworks under Nigeria Agenda 2050, targeting job creation, infrastructure, human capital, food security, and social protection.
Governors, including Charles Soludo, welcomed the early start and urged inclusive state-level participation. NEC also resolved to integrate technology into routine immunisation and called for urgent release of campaign funds.
