The House of Representatives on Wednesday debated the general principles of a Bill for an Act to establish a 50-year national economic plan for the country
At a plenary session presided over by the Deputy Speaker, Benjamin Kalu, the sponsor of the bill, Amobi Ogah, lamented the poor attitude to development plans over the years, noting that the proposed legislation provides a legal framework for the sustained implementation of the nation’s development plans.
He said, “A 50-year national economic plan for Nigeria 2026–2076 represents a bold and transformative legislative initiative aimed at addressing one of the country’s persistent development challenges—policy inconsistency and short-term economic planning.
“The proposed bill seeks to establish a legally binding, long-term economic framework that will guide national development across successive administrations.
“By institutionalising continuity, coordination and accountability, the bill is designed to reposition Nigeria’s economy for sustainable growth and global competitiveness.”
Nigeria’s economy has been characterised by a succession of development plans, many of which were ambitious in conception but weak in implementation.
From Vision 2010 to Vision 20:2020 and the Economic Recovery and Growth Plan, the country has repeatedly demonstrated its capacity to plan, but not necessarily to sustain those plans.
Frequent changes in government priorities, weak institutional frameworks and the absence of legal enforceability have often led to policy reversals, abandoned projects and inefficient use of public resources.
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