{"id":97008,"date":"2023-10-06T10:05:41","date_gmt":"2023-10-06T09:05:41","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate"},"modified":"2023-10-06T12:27:25","modified_gmt":"2023-10-06T11:27:25","slug":"fg-targets-0-6-poverty-rate-6-3-unemployment-rate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate","title":{"rendered":"FG targets 0.6% poverty rate, 6.3% unemployment rate"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Federal Government says it will reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by 2030 and 2050.<\/p>\n

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, said this at a news briefing for the 29th Nigerian Economic Summit (#NES29) in Abuja on Thursday.<\/p>\n

The theme of the #NES29 scheduled for October 23 to October 24 at the Transcorp Hilton, Abuja, is \u201cPathways to Sustainable Economic Transformation and Inclusion\u201d.<\/p>\n

Bagudu said the theme was chosen to discuss the imperatives for transforming the nation\u2019s economy while ensuring inclusivity.<\/p>\n

He said that the discussions around the theme would be on five sub-themes, namely, stimulating economic growth and mobilizing finance for sustainable development.<\/p>\n

They also include harnessing human capital development, promoting national cohesion inclusion and reforming public institutions, among others.<\/p>\n

Bagudu said the sub-themes would address relevant pillars in the National Development Plan (NDP) 2021-2025, the Nigeria Agenda 2050 and the Renewed Hope Agenda.<\/p>\n

\u201cThe main target of the Nigeria Agenda 2050 is to increase the country\u2019s per capita GDP to 6,000 dollars and 33,000 dollars by 2030 and 2050, respectively.<\/p>\n

\u201cIt will also bring the poverty rate to 0.6 per cent and unemployment rate to 6.3 per cent while transiting the economy to the highest per capita GDP in the group of upper-middle-income economies.<\/p>\n

\u201cThe plan will be effectively implemented by successive governments through six number 5-Year Medium-Term National Development Plans and Annual Budgets,\u201d he said.<\/p>\n

The minister said the Renewed Hope agenda and eight priority areas of the current administration were aimed at fast-tracking the goals of the Nigeria Agenda 2050.<\/p>\n

\u201cThe ministry is in the process of conducting the mid-term review of the NDP 2021-2025 with the purpose of fine-tuning the plan and ensuring that the renewed hope agenda of the current government is incorporated into the NDP 2021-2025.<\/p>\n

\u201cThe Ministry will welcome innovative ideas from the stakeholders at the summit to ensure its effective integration into the NDP 2021-2025,\u201d Bagudu said.<\/p>\n

He said that the summit\u2019s success would depend on the active and deliberate participation of all critical stakeholders.<\/p>\n

The stakeholders, according to him, include the federal government, sub-national government, private sector operators, civil society organisations, the media and development partners.<\/p>\n

The minister commended the contributions and commitments of the various corporate organisations and government institutions towards successfully hosting the summit.<\/p>\n

The News Agency of Nigeria (NAN) reports that NES is organized annually by the Federal Ministry of Budget and Economic Planning and the Nigerian Economic Summit Group (NESG).<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Federal Government says it will reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by 2030 and 2050. The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, said this at a news briefing for the 29th Nigerian Economic Summit (#NES29) in Abuja on […]<\/p>\n","protected":false},"author":84,"featured_media":97007,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,701,254],"class_list":["post-97008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-fg","tag-nigeria"],"yoast_head":"\nFG targets 0.6% poverty rate, 6.3% unemployment rate - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal Government says it will reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG targets 0.6% poverty rate, 6.3% unemployment rate\" \/>\n<meta property=\"og:description\" content=\"The Federal Government says it will reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T09:05:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-06T11:27:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696575279.443868.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FG targets 0.6% poverty rate, 6.3% unemployment rate\",\"datePublished\":\"2023-10-06T09:05:41+00:00\",\"dateModified\":\"2023-10-06T11:27:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate\"},\"wordCount\":425,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696575279.443868.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"FG\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fg-targets-0-6-poverty-rate-6-3-unemployment-rate\",\"name\":\"FG targets 0.6% poverty rate, 6.3% unemployment rate - 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