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Buhari to unveil new economic plan in December – Agba

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President Muhammadu Buhari will in December uncover the new economic plan, the Medium-term National Development Plans (MTNDP) 2021-2025.

The Minister of State for Finance, Budget, and National Planning, Prince Clement Agba, unveiled this to journalists on Thursday. Agba said the second MTNDP (2026 – 2030) report is expected in February 2021 while the last advancement plan for the Nigeria Agenda 2050 will be prepared in July next year.

According to him; the activity was optimized to guarantee that yearly financial plans, especially 2021 allocation is gotten from the medium-term plans.

He said accordingly, in setting up the Medium Term Expenditure Framework (MTEF) being utilized for the arrangement of the 2021 financial plan, which was affirmed by the National Assembly, the essentials of the macroeconomic structure for the medium-term plan 2021 – 2025 were brought into center.

Agba included that the macroeconomic records utilized for the improvement of the Economic Sustainability Plan of N2.3 trillion boost bundle to support the economy from sliding into profound and delayed downturn because of the effect of COVID-19 had been incorporated into the MTNDP.

The minister called pointed out that the means steps were taken to guarantee that, consequently, yearly spending plans are gotten from public improvement plans, to cultivate plan discipline in progressive years.

He likewise said that the government expected to develop interviews with sub-national governments to guarantee that arrangement discipline is dug in the framework, if the nation is to roll out the ideal improvements in the economy.

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