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Renewed Hope Development Plan (2026–2030)

Policy Type
Law
Issuing Institution
National Economic Council; Federal Ministry of Budget and Economic Planning
Effective Date
February 2026
Status
Effective
Confidence
Confirmed

Nigeria’s medium-term national development plan succeeding the National Development Plan 2021-2025, targeting a $1 trillion economy by 2030 and providing the policy framework cited by multiple 2026 infrastructure financings, including D-VIBE and the coastal highway.

What Changes

Establishes a five-year national development framework bridging the expired NDP 2021-2025 and the long-term Nigeria Agenda 2050, with explicit targets on job creation, infrastructure expansion, human capital and food security.

Who Is Affected

All federal, state and local government planning and budgeting processes; investors and development finance institutions evaluating alignment of individual projects with national priorities.

Why It Matters

Serves as the reference framework multilateral lenders (including AfDB, for D-VIBE) cite when assessing a project's alignment with government priorities, directly affecting financing approval narratives.

Expected Impact

Expected to shape federal budget allocations and counterpart-funding priorities through 2030, including continued support for digital infrastructure, rail and coastal highway programmes already underway.

Risks / Uncertainties

Plan implementation depends on continued fiscal reform momentum (subsidy removal, currency reforms); a change in administration before 2030 could affect continuity, as the plan is explicitly tied to the current administration's reform agenda.

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Last Verified: Aug 3, 2026