New development plan to raise revenue to 15% of GDP – Agba

The Minister of State, Budget and National Planning, Clement Agba, has said the newly launched National Development Plan (NDP) 2021-2025 will raise revenue to 15 per cent of gross Domestic Product (GDP).

He said this while giving an analysis on the new plan after the Federal Executive Council (FEC) at the State House, Abuja.

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Agba said: “This plan also has a financing plan to increase revenue to 15 per cent of GDP. Currently, revenue to GDP is seven per cent.

“This plan also separates a sport from youth and takes sport as a business. 

“For the first time in our planning history, we have three volumes of the plan. 

“In the past, we have always had one volume, which is the plan itself. But this time, we have three volumes. Volume One is the main plan, and that’s what will be accessible to the public. 

“Volume Two is the prioritised and sequential list of programmes and projects that will be fed into the annual budgets. While Volume Three are the legislative imperatives.” 

The minister also said sports is now considered as a business in the new plan. Agba said: “The difference with this plan is that it provides a mechanism to engage, empower, and employ our teeming energetic youth. 

“The plan puts opportunities for inclusiveness for young people, women, people with special needs, and the vulnerable ones, mainstreaming women’s gender into all aspects of our social, economic and political activities.” 

It has equally taken rural development away from the agriculture ministry because of the focus on Integrated Rural Development.

“Another difference between this plan and the previous plan is the issue of Integrated Rural Development. This plan takes rural development away from agriculture.”