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FEC approves National Development Plan for 2021-2025 Plan with N348.7 trillion investment

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The Plan is structured along six clusters–economic growth and development, infrastructure, public administration, human capital development, social development and regional development.

has approved the National Development Plan for 2021 to 2025 to succeed the Economic Recovery and Growth Plan which expired in December 2020.

“The Ministry of Finance, Budget and National Planning presented a memo requesting approval for the NDP for 2021 to 2025, which is a plan that is succeeding the ERGP which expired in Dec. 2020. Mrs Ahmed said the investment size will comprise N49.7 trillion from the public sector, representing 14.3 per cent and N 298.3 trillion, representing 85.7 per cent.

“There will also be exploring domestic and concessioning financing sources and setting up financial investment vehicles such as growth funds and public private partnership as well as the Nigerian Investment and Growth Fund.

 

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