Nigeria to Rely on Non-Oil Revenue for Development Plan

The Nigerian government says the financing of the national development plan (NDP) 2021-2025 will rely heavily on domestic resource mobilisation from non-oil revenue sources.

Minister of finance, budget and national planning, Zainab Ahmed, said this in Abuja, at the 28th Nigerian Economic Summit (NES) themed ‘2023 and Beyond: Priorities for Shared Prosperity’. The financing, she said, will improve and further diversify government revenues and entrench fiscal prudence and value for money.

According to Ahmed, the government has earlier formulated the national development plan (NDP) 2021- 2025 to succeed in the economic recovery and growth plan (ERGP), 2017- 2020.

She said that the Nigeria Agenda 2050, which would be inaugurated soon, is aimed at increasing the country’s gross domestic product (GDP) per capita to $33,000.