The Minister of Budget and Economic Planning, Sen. Atiku Bagudu has stated that part of the agenda 2050 for Nigeria is the need for investment of at least $100 billion with over 80% emanating from the private sector.

The Minister stated this during the KPMG Arise Tv budget Day program at the insights centre, KPMG Towers, Lagos.

According to the Minister, the estimated investment needs stem from the Agenda 2050 developed by the Federal government in partnership with subnational governments, the private sector, and civil society groups across the country.

He stated,

“Wesub-national at a much higher rate of growth than we have been experiencing in the last decade and a half and equally we need to mobilize private capital because the agenda 2050 estimated that we need a sum of at least $100 billion with less than 20% of it coming Agendahe public sector”
The Minister also noted the President’s determination to address issues stifling economic growth across various sectors such as agriculture, power, digital economy, energy, etc.

He mentioned that the N100 billion fund for consumer credit is an initiative in that direction.

Addressing dormant assets in the country, Sen. Bagudu stated that the newly created Ministry of Finance Incorporated (MOFI) is determined to ensure that dormant public and private asset across the country are put to productive use and generate revenue for the country.