The National Economic Council (NEC) on Thursday approved the framework for the Renewed Hope Development Plan (2026–2030), designed to consolidate ongoing reforms and actualise President Bola Ahmed Tinubu’s vision of a one trillion-dollar Nigerian economy.
The decision was taken at the 151st meeting of the Council, chaired by Vice President Kashim Shettima, at the Presidential Villa, Abuja.
The Council commended the Ministry of Budget and Economic Planning for initiating the process and called for the active participation of states and stakeholders to ensure inclusivity and accelerated growth.
Shettima said the new medium-term strategy will succeed the expiring National Development Plan (2021–2025) and align Nigeria’s economic trajectory with the Nigeria Agenda 2050.
“This is no ordinary transition. It is the bridge between lessons learnt and ambitions pursued. The Renewed Hope Plan will consolidate reforms, deepen policy continuity, and provide a practical roadmap towards a $1 trillion economy by 2030,” he said.
The Vice President stressed that the plan would be participatory, involving state governments, local councils, private sector, civil society, labour, youth groups and traditional institutions.
Shettima also disclosed that NASENI had scaled up local production of solar-powered irrigation pumps to reduce energy costs for farmers, expand dry-season farming, and reinforce food security.
On health, NEC directed the Accountant General of the Federation to fast-track the release of funds for the next round of the national polio immunization campaign to ensure smooth implementation.
A report by the Ad-hoc Committee on Polio Eradication, chaired by Gov. Inuwa Yahaya of Gombe State, showed a 46 per cent decline in polio cases this year, with Kano and Katsina states recording the most progress.
The Council resolved that technology be integrated into Nigeria’s routine immunization programme and urged state governments to prioritise resource allocation for health interventions.
The Accountant General also gave an update on national account balances as at Aug. 27, 2025: Excess Crude Account – $535,823.39; Stabilization Account – N78.45 billion; and Natural Resources Account – N106.72 billion.
NEC further approved the establishment of governance structures – a National Steering Committee, Central Working Group, and Technical Working Groups – to drive the preparation of the Renewed Hope Plan, beginning in September and expected to be launched before the end of the year.
