………..New medium-term strategy will consolidate reforms, align with Agenda 2050, says VP Shettima.
The National Economic Council (NEC) on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030) aimed at consolidating Nigeria’s reform agenda and actualize the $1 trillion economy target of the administration of President Bola Ahmed Tinubu.
This was part of the resolutions reached at the 151st meeting of the Council, which commended the 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.
NEC 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 Kashim Shettima, 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.
VP Shettima described the transition as critical to sustaining the country’s economic trajectory and consolidating the administration’s ongoing reforms.
“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,” he said.
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.
The Vice President 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, VP Shettima urged members to maintain the Council’s focus on translating policies into real outcomes for citizens.
“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,” the Vice President stated.
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.
Other highlights of the meeting are as follows:
UPDATE ON ACCOUNT BALANCES AS AT 27TH AUGUST 2025
Accountant General of the Federation, who represented the Minister of Finance and coordinating Minister of the Economy, gave an update on the following account balances:
Excess Crude Account – $535,823.39
Stabilization Account – N78,453,757,583.19
Natural Resources Account – N106,727,969,527.59
MEMORANDUM ON THE EXPIRATION OF NIGERIA MEDIUM TERM NATIONAL DEVELOPMENT PLAN 2021 – 2025 (NDP 2021 – 2025) AND PREPARATION OF THE SUCCESSOR, THE NIGERIA MEDIUM TERM NATIONAL DEVELOPMENT PLAN 2026 – 2030 (NDP 2026 – 2030)
In 2020, a proposed economic development plan for Nigeria, named Nigeria Agenda 2050 (NA 2050), was approved for the country. The first of the Medium-Term Plan called the National Development Plan 2021 – 2025 (NDP 2021 – 2025) was also approved, and implementation commenced forthwith. The Nigeria Agenda 2050 and NDP 2021 –2025 were the major policy tools that guided planning and budgeting in Nigeria with valuable experiences learnt.
Council may wish to be formally informed that the first medium term plan out of the six MTNDP to be employed to implement the Nigeria Perspective Plan which is NPD 2021 – 2025, will be elapsing by end December this year.
In order not to allow a vacuum in the planning series as indicated in NA 2050, Your Excellencies, another medium-term plan, to be named “Renewed Hope Plan 2026 – 2030 (RHP 2026 -2030)”, will be developed for Nigeria.
The RHP 2026 – 2030 will ensure policy continuity, consolidate ongoing reforms, and respond to emerging socio-economic challenges. It will also help in providing a coherent framework to accelerate job creation, improve human capital, expand sustainable infrastructure, enhance food security, and strengthen social protection.
The RHP 2026–2030 will serve as a bridge between current reform momentum and the long-term aspirations of Nigeria Agenda 2050.
It is envisaged 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 it before the end of the year.
This will also enable the Federal, States and Local Governments Ministries Departments and Agencies (MDAs) to ensure that their programmes and projects captured in the Plan are used for the preparation of the 2026 annual budget, which also is the first annual budget for the Renewed Hope Plan, the second in the series of Nigeria Agenda 2050.
Your Excellencies, since this is a national development plan, the process of developing it would be participatory, involving the three tiers and Arms of Government, Organised Private Sector (OPS), Political Parties, Civil Society and Faith Based Organisations, Opinion Leaders and Traditional Institutions, Labour, Youths and Student Organisations, to mention but a few.
Also, three governance structures namely: National Steering Committee, (NSC), Central Working Group (CWG) and Technical Working Groups (TWGs), which will all be co-chaired by Public and Private Sector members, will be put in place to midwife the Plan.
In line with the planning process, One Governor from each geo-political zone would serve on the NSC while Directors in-charge of Planning in the State Ministries responsible for Planning and representatives of Local Government administrations will serve on the TWGs. Kindly also be informed that the President of ALGON will equally serve on the NSC.
Prayers:
Your Excellencies are respectively invited to note:
i. 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;
ii. That the process of developing the RHP 2026 – 2030 will be participatory, requiring the involvement of Nigerians from all spheres of life;
iii. 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);
iv. 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.
v. 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;
vi. That in the fullness of time, Mr. President would inaugurate the NSC, while His Excellency, the Vice President, would inaugurate CWG. I shall be inaugurating the TWGs that would be handling the different sectors of the economy; and
vii. 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.
RESOLUTIONS:
- Council 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.
- Council approved the proposal for the New National Development Plan – Renewed Hope
UPDATE ON NEC AD-HOC COMMITTEE ON POLIO ERADICATION TALKING POINT FOR THE CHAIRMAN, HIS EXCELLENCY ALH. MUHAMMAD INUWA YAHAYA, EXECUTIVE GOVERNOR OF GOMBE STATE
Council was called to note that the Committee was established to urgently address the spread of circulating poliovirus type 2 variant (cVPV2) across the six high risk states (Kano, Katsina, Kebbi, Sokoto, Zamfara and Gombe states).
Progress to date
- Encouragingly, epidemiological data show a downward trend in cVPV2 cases. As of week 33, 2025, cVPV2 cases declined to 42 in 2025, compared to 78 (46% decrease) in the same period in 2024. Significant progress is seen in high-burden states, with Kano and Katsina recording 85% and 84% reductions respectively. While Gombe has reported no new cases, Sokoto has recorded the highest burden, accounting for 13 of 23 new isolates in 2025.
- With the implementation of key strategic shifts during the April and June campaign, there was notable improvements in the June round compared to April.
i. Settlements reached with geo-evidence increased from 71% in April to 78% in June.
ii. Vaccination coverage rose from 81% to 84% in the same period.
iii. The first round of In-Between Round Activities (IBRA) across 11 high risk states reached 77% of settlements with geo-evidence, vaccinating 83% of targeted children (2.7 million children) while also delivering integrated services—Routine immunization, nutrition (Tom Brown), Multiple micronutrient supplements (MMS) for pregnant women, and antimalarials.
Current activities and next steps
- A second round of In-Between Round Activities (IBRA) is scheduled for 11th–14th September across 11 high-risk states, delivering integrated services including routine immunization, nutrition (Tom Brown), multiple micronutrient supplements for pregnant women, and antimalarials
- In October, a nationwide integrated campaign targeting children 0–14 years will be conducted. This campaign will deliver measles-rubella, polio vaccines, seasonal malaria chemoprevention, and neglected tropical disease interventions. Implementation will be in two phases, each with two streams, to ensure wider coverage.
RECOMMENDATIONS:
i. Deputy Governors to chair State Task Force meetings at least two weeks before the next IBRA campaign, particularly in Kano, Kebbi, and Sokoto States.
ii. Honorable Commissioners of Health and Executive Secretaries to conduct post-campaign review meetings to address gaps and develop mop-up plans.
iii. LGA Chairmen also convene review meetings to ensure complete mop-up at the local level.
iv. Security agencies to continue providing cover for vaccination teams in insecure areas
NPHCDA reported on the effects of the agency to ensure the eradication of the polio virus in the affected states. He urged states to prioritize resource allocation in support of routine immunization programmes across the country.
The council was briefed on ongoing activities at the NPHCDA to procure vaccines and other materials ahead of the second round of the immunization programme.
RESOLUTIONS:
Council resolved the following:
- NEC called on the Accountant General of the Federation to expedite the release of funds for the next round of National Immunization Campaign
- FG counterparts funding for vaccination procurement should be prioritized for the next round of the immunization campaign.
- States and partners should strengthen surveillance and tracking systems.
- Technology should be integrated into the routine immunization programme.
Signed
Stanley Nkwocha
Senior Special Assistant to The President on Media & Communications
(Office of The Vice President)
28th August, 2025
