Bagudu Reaffirms Tinubu’s Commitment to Inclusive, Innovative Development

Nigeria is charting an ambitious course towards a $1 trillion economy by 2030, a vision underpinned by a commitment to inclusive, sustainable, and innovation-driven national development. Minister of Budget and Economic Planning, Senator Abubakar Bagudu, articulated this vision, emphasizing that President Bola Tinubu's administration prioritizes development that "includes everyone, is sustainable over time, and embraces innovation."

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Mr President believes that development must include everyone, be sustainable over time, and embrace innovation, because what worked yesterday may not work today.

The government is finalizing the 2026 National Development Plan, a critical roadmap designed to transform Nigeria into a global economic powerhouse. Bagudu acknowledged the scale of this ambition, stating, "Nigeria is not where we want to be, but we are determined to move forward with clear choices and a shared vision to unite all Nigerians towards achieving a $1 trillion economy."

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Nigeria is not where we want to be, but we are determined to move forward with clear choices and a shared vision to unite all Nigerians towards achieving a $1 trillion economy.

Achieving this goal, however, demands more than just economic policy. Bagudu stressed the necessity of "deep thought, collaboration, and contributions from all sectors of our society." He highlighted the integral role of physical planning, not just for economic progress but for national stability. The minister pointed out that inadequate planning systems often fuel conflicts, particularly land-use disputes among farmers, herders, and communities, underscoring that "Poor planning breeds tension, while good planning fosters peace and prosperity."

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This goal cannot be achieved in isolation. It requires deep thought, collaboration, and contributions from all sectors of our society.

From a Nigerian perspective, this focus on inclusive and sustainable development is paramount. It acknowledges the diverse needs of our vast population and the critical importance of equitable resource distribution. The emphasis on innovation recognizes the need to leapfrog traditional development models and leverage technology for accelerated progress. Furthermore, linking effective planning to conflict resolution addresses a persistent challenge, demonstrating a holistic approach that seeks to build a more unified and prosperous nation. This strategy, embedded within the administration's "Renewed Hope Agenda," aims to harness the collective potential of all Nigerians.

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Development must include everyone, it must be sustainable over time, and it must embrace innovation, because what worked yesterday may not work today.