House of Reps Advances 50-Year National Economic Plan at Second Reading
The House of Representatives has begun the second reading of a bill to establish a 50-year national economic plan from 2026 to 2076. Deputy Speaker Benjamin Kalu presided over the plenary session where the measure was introduced. Sponsor Amobi Ogah said the initiative aims to address Nigeria’s chronic policy inconsistency and short-term planning. He cited past efforts like Vision 2010 and Vision 20:2020, which failed due to weak implementation, lack of legal backing, and frequent policy reversals. The proposed law would institutionalise continuity, ensure macroeconomic stability, strengthen accountability, attract investment through predictability, and encourage diversification beyond oil. House Leader Julius Ihonvbere and Rep. Yusuf Gagdi expressed strong support, recalling Nigeria’s growth under structured planning. Ogah added that the bill reflects international best practices, aligning with strategies in South Africa, Rwanda, Botswana, and the African Union’s Agenda 2063. Next, it will proceed to a third reading before moving to the Senate.
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