National Development Plan Documents

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The National Development Plan (NDP) 2021-2025 aims to foster Nigeria’s socio-economic transformation through a diversified economy, infrastructure investment, good governance, and a healthy populace. It targets 21 million jobs and lifting 35 million out of poverty, requiring N348.1 trillion, with significant private sector involvement.

Suggested Questions:

• What are the main goals of the NDP 2021-2025?

• How many jobs does the NDP aim to create by 2025?

• What is the expected investment for the NDP 2021-2025?

• Which sectors are prioritized in the NDP 2021-2025?

• How does the NDP plan to involve the private sector?

What are the main goals of the NDP 2021-2025?

Main Goals of the National Development Plan (NDP) 2021-2025:

  1. Economic Growth and Job Creation: The NDP aims to achieve an average economic growth of 4.6% and create 21 million full-time jobs by 2025. It focuses on investing in sectors with high potential for job creation and multiplier effects on other sectors.

  2. Poverty Reduction: The plan intends to lift 35 million people out of poverty by 2025 through inclusive economic growth and social protection initiatives.

  3. Infrastructure Development: Significant investment in critical infrastructure such as power, alternative energy, rail, roads, and housing is a key goal to support economic growth and improve living conditions.

  4. Governance and Security: Strengthening governance structures and improving security are essential objectives to ensure a peaceful and democratic environment conducive to development.

  5. Human Capital Development: The plan emphasizes the importance of a vibrant, educated, and healthy populace, with investments in health and education to improve the overall quality of life.

  6. Private Sector Participation: The NDP envisions a private sector-led growth model, with the private sector expected to contribute significantly to the investment required for the plan’s implementation.

  7. Environmental Sustainability: The plan includes goals for environmental protection and disaster management to ensure sustainable development.

  8. Social Inclusion and Gender Equality: Promoting opportunities for young people and facilitating gender equality are integrated themes throughout the plan to ensure equitable development.

  9. Data and Statistical Development: Improving data production and coordination is a goal to enhance policy formulation, planning, and monitoring.

  10. International Relations and Diplomacy: The plan seeks to bolster Nigeria’s foreign policy to advance its political and economic interests globally, leveraging its role in African diplomacy.

How many jobs does the NDP aim to create by 2025?

The National Development Plan (NDP) 2021-2025 aims to create 21 million full-time jobs by the year 2025.

What is the expected investment for the NDP 2021-2025?

The expected investment for the National Development Plan (NDP) 2021-2025 is approximately N348.1 trillion. Of this, the government (Federal, States, and Local Governments) is expected to contribute N49.7 trillion, while the balance of N298.3 trillion will be funded by the private sector.

Which sectors are prioritized in the NDP 2021-2025?

The National Development Plan (NDP) 2021-2025 prioritizes several sectors with great potential to generate jobs and have multiplier effects on other sectors. These prioritized sectors include:

• Mining

• Construction

• Manufacturing

• Agriculture

• Sports

• Entertainment

• Tourism

• Hospitality

The plan focuses on establishing public-private partnerships to secure investments in these capital-intensive sectors, aiming for massive, secure, and sustainable job creation.

How does the NDP plan to involve the private sector?

The National Development Plan (NDP) 2021-2025 involves the private sector in several ways to achieve its objectives:

  1. Investment Contribution: The private sector is expected to contribute significantly to the plan’s overall investment, providing N298.3 trillion out of the total N348.1 trillion investment commitment required for the plan. This substantial contribution highlights the reliance on private sector funding to achieve the plan’s goals.

  2. Public-Private Partnerships (PPPs): The plan emphasizes the establishment and enhancement of public-private partnerships to facilitate investment in critical infrastructure and other sectors. This approach aims to leverage private sector expertise, efficiency, and capital to support public sector initiatives.

  3. Infrastructure Development: A Public Private Partnership-styled Infrastructure Company, Infra-Co, has been established to focus on critical infrastructural development. This entity will be dedicated to mobilizing private sector investment and expertise for infrastructure projects.

  4. Tax Incentives for Infrastructure: The Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (RIDRITCS) incentivizes private sector investment in road construction by allowing companies to finance roads and receive tax credits in return. This mechanism encourages private investment in critical infrastructure.

  5. Sectoral Focus: The plan targets sectors with high potential for job creation and economic growth, such as mining, construction, manufacturing, agriculture, sports, entertainment, tourism, and hospitality. The private sector is encouraged to invest in these areas to drive economic transformation and job creation.

  6. Credit Enhancement: The government plans to work with development partners to establish frameworks like the National Credit Enhancement Framework (NCEF) to attract private investment by providing credit enhancement and reducing investment risks.

These strategies indicate a strong emphasis on private sector involvement to achieve the NDP’s ambitious goals, highlighting the crucial role of private investment and partnerships in driving Nigeria’s development agenda.

Summarize

National Development Plan (NDP) 2021-2025 Overview

• Vision and Objectives: Unlock Nigeria’s potential for sustainable, inclusive development.

• Strategic Objectives: Diversified economy, infrastructure investment, good governance, vibrant populace.

• Macroeconomic Goals: 5% GDP growth, 21 million jobs, 35 million out of poverty by 2025.

• Investment Requirements: N348.1 trillion total, N49.7 trillion from government, N298.3 trillion private sector.

Implementation Strategy

• Public-Private Partnership: Essential for Plan success, leveraging private sector investment.

• Monitoring and Evaluation: Robust M&E system for performance tracking and decision-making.

• Institutional Framework: FMFBNP oversees M&E, coordinates with states and agencies.

Sectoral Focus Areas

• Infrastructure Development: Power, rail, roads, housing, digital economy.

• Social Development: Education, health, poverty alleviation, gender equity.

• Security and Governance: Strengthen Armed Forces, improve governance and security architecture.

List main points

• The National Development Plan (NDP) 2021-2025 is a medium-term blueprint aimed at unlocking Nigeria’s potentials in all sectors for sustainable and inclusive development, succeeding the Economic Recovery and Growth Plan (ERGP) 2017-2020.

• The Plan is guided by four strategic objectives: establishing a diversified economy, investing in critical infrastructure, enhancing security and governance, and enabling a vibrant and healthy populace.

• It aims to achieve an average economic growth of 4.6% and lift 35 million people out of poverty by 2025, requiring a total investment of N348.1 trillion, with the private sector contributing the majority.

• A strong partnership between the public and private sectors is crucial for the Plan’s success, with a robust implementation framework to ensure accountability and performance.

• The Plan focuses on macroeconomic stability, improving the investment environment, and addressing challenges like low economic growth, insecurity, and infrastructure deficits.

• It incorporates lessons from previous plans like Vision 20:2020 and ERGP, aiming for broad-based economic development and poverty reduction through inclusive growth.

• The Plan includes a comprehensive Monitoring and Evaluation (M&E) framework to track implementation, address bottlenecks, and ensure evidence-based decision-making.

• The Federal Ministry of Finance, Budget, and National Planning will oversee the M&E process, coordinating with national and subnational bodies to collect data and evaluate progress.

Who are the authors of this plan, and who is responsible for execution?

Authors of the National Development Plan (NDP) 2021-2025:The National Development Plan (NDP) 2021-2025 was developed with contributions from various stakeholders, including government ministries, departments, and agencies (MDAs), as well as input from civil society organizations, private sector participants, and development partners. The specific individuals or entities credited as authors are not typically listed, as such plans are usually the result of collaborative government efforts.

Responsibility for Execution:The execution of the National Development Plan is primarily the responsibility of the Federal Ministry of Finance, Budget, and National Planning (FMFBNP). This ministry oversees the monitoring and evaluation of the plan, coordinating with all states, ministries, departments, and agencies to ensure effective implementation. The Planning Arm, within this ministry, plays a central role in coordinating and aligning national budgets and policies with the plan’s objectives. Additionally, a Development Plan Implementation Unit (PIU) is established to provide a central coordinating mechanism, reporting to the National Steering Committee headed by the Vice President.

What reference does it make to previous plans, including references to success or failure areas of those plans?

The National Development Plan (NDP) 2021-2025 references previous plans by acknowledging both successes and areas of failure. Key points include:

• Building on Past Plans: The NDP aims to build on the achievements and lessons learned during the implementation of the Economic Recovery and Growth Plan (ERGP) 2017-2020 and other past national plans.

• Lessons from Previous Plans: The plan highlights the need to recognize the hierarchical relationship among various planning frameworks, such as perspective plans, medium-term plans, and annual budgets. It emphasizes the importance of linking the annual budget to the plan during implementation to avoid plan indiscipline and distortions.

• Implementation Challenges: The NDP notes that poor implementation has been a major issue in achieving desired outcomes in past plans. It stresses the need for a centralized plan implementation coordination mechanism and the importance of engaging stakeholders and beneficiaries through a bottom-up approach.

• Consistency and Commitment: The plan underscores the necessity of continuity, consistency, and commitment to agreed policies, programs, and projects to enhance plan outcomes and avoid competing plans.

• Capability and Administration: The plan recognizes the need for capable and efficient administration as crucial for successful planning. It aims to address shortcomings identified in the design and implementation of previous plans, such as the ERGP.

List all public sector and private sector entities and organisations that are referred to, together with what roles are assigned to them under the plan.

Public Sector Entities and Organizations:

  1. Federal Ministry of Finance, Budget and National Planning (FMFBNP):

• Serves as the secretariat for the plan’s implementation.

• Coordinates inter-ministerial plans and budget alignment.

  1. National Steering Committee (NSC):

• Co-chaired by the Honourable Minister of Finance, Budget and National Planning and oversees policy planning and implementation.

  1. Central Working Group (CWG):

• Coordinates the work of Technical Working Groups (TWGs) to develop an actionable plan.

  1. Technical Working Groups (TWGs):

• Composed of experts across key thematic areas of the economy to develop the plan.

  1. National Bureau of Statistics (NBS):

• Strengthened for sustained statistical production and data management.

  1. Infrastructure Concession and Regulatory Commission (ICRC):

• Enhanced to support public-private partnerships in infrastructure development.

  1. Ministries, Departments, and Agencies (MDAs):

• Implement development plans, monitor and evaluate program implementation.

  1. State Governments:

• Collaborate with federal government to integrate state plans with national goals.

  1. Federal Capital Territory Administration:

• Involved in the preparation and implementation of the plan.

  1. Local Government Councils:

• Participate in the preparation and implementation process.

  1. National Planning Arm:

• Provides coordination and oversight for plan implementation.

  1. National Assembly:

• Oversees policy planning and implementation and approves annual budgets.

  1. Presidency:

• Reviews and approves development policy framework.

Private Sector Entities and Organizations:

  1. Private Sector Representatives:

• Engaged to contribute to plan goals and ensure alignment with private sector needs.

  1. Organised Private Sector:

• Involved in the preparation and execution of the plan.

  1. Infrastructure Company (Infra-Co):

• Established as a Public Private Partnership-styled entity for infrastructure finance.

  1. Participating Companies in Road Infrastructure Development & Refurbishment Investment Tax Credit Scheme:

• Mobilize funds for road construction and utilize tax credits to recoup investments.

Other Organizations:

  1. Civil Society Organizations (CSOs):

• Involved in the preparation and monitoring of the plan.

  1. Youth Organizations:

• Participate in the preparation process and provide feedback.

  1. Labour Organizations:

• Engaged in consultations and planning.

  1. Traditional and Religious Leaders:

• Involved in plan preparation and implementation.

  1. Farmers’ Association:

• Part of the stakeholder consultations.

  1. Development Finance Institutions (DFIs):

• Collaborate with government for credit risk mitigation.

  1. Nigeria Sovereign Investment Authority (NSIA):

• Collaborates with the Central Bank of Nigeria for infrastructure funding.

  1. Central Bank of Nigeria (CBN):

• Collaborates in setting up the Infrastructure Company.

How are all these entities engaged to play their own part in the plan and program?

Public Sector Entities and Organizations:

  1. Federal Ministry of Finance, Budget and National Planning (FMFBNP):

• Acts as the central coordination secretariat, overseeing the implementation of the plan and ensuring alignment with national strategies.

  1. National Steering Committee (NSC):

• Provides guidance and ensures the success of the plan by coordinating with various stakeholders, including state governments and private sector representatives.

  1. Central Working Group (CWG) and Technical Working Groups (TWGs):

• Develop actionable plans and drive the development of economic blueprints by involving experts across key thematic areas.

  1. National Bureau of Statistics (NBS):

• Responsible for data production and coordination, providing the necessary statistics for evidence-based planning and monitoring.

  1. Ministries, Departments, and Agencies (MDAs):

• Implement development plans, monitor and evaluate programs, and ensure the alignment of state-level plans with national objectives.

  1. State Governments:

• Collaborate with federal government to integrate state plans with national goals and strengthen local planning departments.

  1. Local Government Councils:

• Participate in the preparation and implementation process, ensuring grassroots engagement.

  1. Infrastructure Concession and Regulatory Commission (ICRC):

• Supports public-private partnerships in infrastructure development.

Private Sector Entities and Organizations:

  1. Private Sector Representatives:

• Collaborate with the government to contribute to plan goals, especially in areas like infrastructure development and investment.

  1. Organised Private Sector:

• Involved in the preparation and execution of the plan, focusing on creating investment opportunities and enhancing local content development.

  1. Infrastructure Company (Infra-Co):

• Established as a Public Private Partnership-styled entity for infrastructure finance, supported by the government.

  1. Participating Companies in Road Infrastructure Development & Refurbishment Investment Tax Credit Scheme:

• Mobilize their own funds for road construction and utilize tax credits to recoup investments.

Engagement Strategies:

• Public-Private Partnerships (PPP): The plan emphasizes expanding PPPs for financing and implementing infrastructure projects, with private entities responsible for operations and maintenance.

• Capacity Building and Training: The government will engage both sectors in developing skills and training programs to meet labor market demands.

• Policy and Regulatory Frameworks: Establishing frameworks to ensure private sector participation in critical sectors like aviation and manufacturing.

• Data and Monitoring: Utilizing data-driven approaches for planning and monitoring, with the NBS playing a key role in data management.

• Stakeholder Engagement: Continuous engagement with stakeholders, including civil society and youth organizations, to ensure broad participation and feedback.

These strategies ensure that both public and private sector entities are actively engaged and play their respective roles in the successful implementation of the National Development Plan.

What platform is disclosed as the ongoing source of communication and interaction during the course of implementation? Is there any provision or reference made to scheduled periodic progress reviews and reports?

Platform for Communication and Interaction:

The National Development Plan emphasizes the importance of effective communication and stakeholder engagement. The government plans to deploy necessary communication strategies to ensure broad participation by citizens, enabling them to take ownership and actively track the implementation process. This includes making stakeholders such as Civil Society Organizations aware of their roles, responsibilities, risks, benefits, opportunities, and stake at every stage of the plan implementation process.

Scheduled Periodic Progress Reviews and Reports:

The plan includes a performance monitoring and continuous data collection mechanism that informs the annual plan performance review process. Quarterly reports are to be drafted by the Planning Arm and submitted to the Steering Committees for review, which will inform mid-year and year-end performance reviews at the highest level of government. Additionally, the Nigeria Development Report (NDR) will be the primary instrument for assessing the plan’s performance, providing performance information at both the federal and state levels.

Is any website provided for ongoing access to current status and information

I’m sorry, but the specific information you’re looking for is not available.

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