The National Economic Council (NEC) has approved Nigeria’s next medium-term economic framework, the Renewed Hope National Development Plan (2026–2030), aimed at consolidating reforms and advancing President Bola Tinubu’s vision of building a $1 trillion economy.

Briefing State House correspondents after the 151st NEC meeting chaired by Vice President Kashim Shettima, Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, said the plan will replace the current 2021–2025 framework when it expires in December.

He explained that the new plan aligns with Nigeria Agenda 2050, the country’s 30-year blueprint launched in 2020, and will prioritise:

• Job creation and human capital development
• Sustainable infrastructure and food security
• Strengthened social protection systems
• Consolidation of Tinubu administration reforms

Bagudu noted that work would begin immediately to allow President Tinubu launch the plan before the end of 2025. Development will involve federal, state, and local governments, the private sector, labour, civil society, youth groups, and traditional leaders, guided by three governance structures: a national steering committee, a central working group, and technical working groups, with governors representing their geopolitical zones.

Meanwhile, NEC received progress reports on Nigeria’s fight against the type-2 polio virus, with data showing cases dropped from 78 to 42 in recent months.

Governor Mohammed Inuwa Yahaya of Gombe State, chair of the NEC Polio Eradication Committee, said Kano and Katsina recorded the sharpest declines, with reductions of 85% and 84% respectively. Sokoto State, however, remains a concern, accounting for 13 of the 23 cases recorded so far in 2025.

Key updates include:

• Vaccination coverage rose from 81% to 84%, reaching 2.7 million children across 11 high-risk states.
• A second-round campaign is scheduled for September 11–14, followed by a nationwide integrated vaccination exercise in October targeting measles, rubella, polio, malaria, and other diseases.
• Security agencies have been directed to escort vaccination teams in volatile areas.
• Deputy governors will chair task force meetings before each campaign, while local government chairmen will lead grassroots mop-ups.

The Council also received a briefing from Accountant-General of the Federation, Shamseldeen Babatunde Ogunjimi, who disclosed Nigeria’s savings balances as follows: Excess Crude Account – $535,823.39; Stabilisation Account – ₦78.45 billion; Natural Resources Account – ₦106.72 billion.