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Buhari Says, ‘Nigeria Needs N348.1 Trillion For My Development Plan’
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Buhari Says, ‘Nigeria Needs N348.1 Trillion For My Development Plan’ 

The government is set to contribute N49.7 trillion, with N298.3 trillion coming from the private sector.

By Omotayo Olutekunbi

President Muhammadu Buhari has said that the Nigerian government needed N348.1 trillion in investments for the success of his National Development Plan 2021-2025.

The 79-year-old stated during the plan’s formal unveiling on Wednesday, December 22, 2021, that the goal is to achieve a broad-based real GDP growth rate of 5% on average throughout the four-year term.

He also stated that the strategy aims to create 21 million full-time employment and bring 35 million people out of poverty through inclusive growth.

“I have no doubt in my mind that with effective and sustained implementation, Nigeria will achieve quantum leap in unlocking its potentials in all sectors of the economy for a sustainable and inclusive national development,” he said.

The government is set to contribute N49.7 trillion, or 14.3 % N348.1 trillion, with the private sector contributing the remaining N298.3 trillion, or 85.7 %.

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