FG targets $12trn GDP by 2050

The federal government has said it is targeting a Gross Domestic Product (GDP) of over $12 trillion and per capita income of $33,000 per annum by 2050.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this yesterday in Abuja at the launch of the National Plan for Financing Safe Schools.

She said, “With an average real GDP growth rate of seven per cent, a GDP of about $12trn by 2050 and an end period per capita income of $33,000 per annum is projected.

“These lofty targets can only be actualised if all critical stakeholders collaboratively create safer teaching and learning environments across Nigeria via critical intervention investments as captured in the validated cost plans of action.”

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Ahmed further said the federal government made a commitment at a high-level meeting on financing safe schools in partnership with EEG in 2021 to facilitate adequate funding in protecting education from attacks.

She said the commitments led to the development of the “National Plan”, adding that the plan would be implemented between 2023 and 2026 with a total investment size of N144.8bn.