Connect with us

News

FG Says It Plans To Create 21m Jobs And Lift 35m People Out Of Poverty By 2025

Published

on

The Federal Government says that its new National Development Plan (2021-2025) targets the creation of 21 million jobs and lifting 35 million people out of poverty.

FG Says It Plans To Create 21m Jobs And Lift 35m People Out Of Poverty By 2025

Laolu Akande, spokesperson to Vice-President Yemi Osinbajo, in a statement, said the new National Development Plan (2021-2025) is a successor to the Economic Recovery and Growth Plan 2017-2020.

According to him, the National Economic Council (NEC) received a presentation and memo on the draft of the development plan from the ministry of finance, budget, and national planning, at its meeting on Friday.

He said the presentation and memo were to acquaint the council with the linkage between the annual budget and plans.

“The plan also targets an average of 5 percent GDP growth, the creation of 21 million jobs, and lifting 35million people out of poverty within the duration of the Plan,” the statement reads.

READ:  Hungry Nigerians Attack And Steal From Truck Carrying Bags Of Rice In Broad Daylight [Video]

He described the plan as a mechanism to engage, empower and employ our teaming energetic youths; provide opportunities for young people, women, vulnerable people, etc., via mainstreaming; increase revenue to 15 percent of GDP by 2025 and decrease the budget deficit.

Akande listed policy actions for the plan to include prioritisation and implementation of critical and strategic infrastructure projects that will directly boost production and productivity.

Others include “institutional reforms in public sector, law enforcement, judiciary, and secure property rights, including intellectual property; “Measures to diversify revenue and increase tax to GDP ratio by improving tax administration, including the informal sector, and widening the tax base.”

READ:  Fire Guts Ladipo Spare Parts Market In Lagos [Photos/Video]

In June, President Muhammadu Buhari launched a steering committee on national poverty reduction with a commitment of lifting 100 million Nigerians out of poverty in ten years.

Providing financial updates at the meeting, Zainab Ahmed, minister of finance, budget and national planning, said the nation’s excess crude account (ECA) balance as at October 13, 2021, stood at $60.8 million.

“Stabilization account balance as at October 13, 2021, is N25,009,892,511.55; development of natural resources account balance as at 13th October 2021, stands at N56,144,024,000.71,” she added.

KanyiDaily recalls that the Chinese Government had said it will help President Buhari the level reduce poverty under his administration by sending Nigerians to China.

READ:  Obasanjo Writes Emotional Letter To UK Court, Seeks Leniency Over Ekweremadu

Denola Grey Criticizes Parents Pressurizing Their Children To Get Married, Calls It Slavery
Celebrities15 mins ago

Denola Grey Criticizes Parents Pressurizing Their Children To Get Married, Calls It Slavery

Tems And Ayra Starr Are Bigger Than Wizkid, Burna Boy, Fela Kuti" - OdumoduBlvck [Video]
Entertainment1 hour ago

Tems And Ayra Starr Are Bigger Than Wizkid, Burna Boy, Fela Kuti” – OdumoduBlvck [Video]

CAAF 2024: Visionary Leaders Set the Stage for Africa’s Climate Future 5
Events2 hours ago

CAAF 2024: Visionary Leaders Set the Stage for Africa’s Climate Future

Davido Drags Sophia Momodu To Court Over Custody Of Their Daughter, Imade Adeleke
Celebrities3 hours ago

Davido Drags Sophia Momodu To Court Over Custody Of Their Daughter, Imade Adeleke

CAAF24 Reinforces Africa’s Urgency For Climate Change [Photos] 6
Events4 hours ago

CAAF24 Reinforces Africa’s Urgency For Climate Change [Photos]

Super Eagles Star, Kayode Olanrewaju Assaulted By Ex-Wife During Fight Over Properties
Celebrities19 hours ago

Super Eagles Star, Kayode Olanrewaju Assaulted By Ex-Wife During Fight Over Properties

Genevieve Nnaji Reveals Why She Refused To Join Hollywood
Entertainment20 hours ago

Genevieve Nnaji Reveals Why She Refused To Join Hollywood

"He Who Finds A Good Woman Findeth A Good Woman" - Speed Darlington Unveils His Lover
Entertainment20 hours ago

“He Who Finds A Good Woman Findeth A Good Woman” – Speed Darlington Unveils His Lover

Davido Reconciles With Lawyer Bobo Ajudua, Enlists Him For His Upcoming Wedding
Entertainment21 hours ago

Davido Reconciles With Lawyer Bobo Ajudua, Enlists Him For His Upcoming Wedding

Cyril Ramaphosa Sworn In For Second Term As South Africa's President
Politics21 hours ago

Cyril Ramaphosa Sworn In For Second Term As South Africa’s President

Phyna Tackles Whitemoney, Denies Receiving Her Remaining BBNaija Prizes
Celebrities22 hours ago

Phyna Tackles Whitemoney, Denies Receiving Her Remaining BBNaija Prizes

"He Will Join Mohbad" - Reactions As Sam Larry Reportedly Involved In Car Accident [Video]
Celebrities1 day ago

“He Will Join Mohbad” – Reactions As Sam Larry Reportedly Involved In Car Accident [Video]

"I'll Be Richer Than Olamide In Couple Of Years" - Ex-YBNL Signee, Temmie Ovwasa [Video]
Entertainment1 day ago

“I’ll Be Richer Than Olamide In Couple Of Years” – Ex-YBNL Signee, Temmie Ovwasa [Video]

American Women Scam Nigerian Men, Not The Other Way Around - Caucasian Lady [Video]
Metro1 day ago

American Women Scam Nigerian Men, Not The Other Way Around – Caucasian Lady [Video]

Nkechi Blessing Taunts Ka3na Jones As She Flaunts Her Own Private Jet
Celebrities1 day ago

Nkechi Blessing Taunts Ka3na Jones As She Flaunts Her Own Private Jet

Mohbad’s Family Rejects Autopsy Result, Demands Independent Post-Mortem
Entertainment2 days ago

Mohbad’s Family Rejects Autopsy Result, Demands Independent Post-Mortem

Beautiful Photos From 2024 Ojude Oba Festival Celebration In Ijebu Ode [Videos]
Events2 days ago

Beautiful Photos From 2024 Ojude Oba Festival Celebration In Ijebu Ode [Videos]

Justin Timberlake Arrested For Driving Under Influence In New York
Entertainment2 days ago

Justin Timberlake Arrested For Driving Under Influence In New York

Heavy Gunshots As Protesting Youths Chase Rivers LGA Chairman From Secretariat [Video]
Metro2 days ago

Heavy Gunshots As Protesting Youths Chase Rivers LGA Chairman From Secretariat [Video]

"Fubara Is The Power We Know" – Rivers Youths Chase Wike Agents Away From Council [Video]
Politics2 days ago

“Fubara Is The Power We Know” – Rivers Youths Chase Wike’s Agents Away From Council [Video]