By Tony Obiechina, Abuja
The Federal government requires a total sum N348.1 trillion to finance the National Development Plan (NDP) 2021-2025, the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Mr Nebolisa Anako said on Tuesday.
Speaking at a Roundtable organised by the Real Sector for actualization of the Medium term objectives of the NDP in Abuja, the permanent secretary said
N298. 3 trillion of the amount is expected to come from the private sector while the balance of N49.1 trillion will be provided by the Federal government.
“The Ministry is to be holding this roundtable regularly. The public sector is responsible for ensuring that the regulatory and policy environment encourages responsible long-term investment in sustainable manner, at the same time, multilateral institutions are to play an indispensable role in providing funding and catalyzing private and public investment.
“We need to recognize that investing in sustainable development is a collaborative effort. The investment required to meet the Sustainable Development Goals by 2030 will not happen on its own. Governments need to join hands with investors, enterprises, and other visionary institutions and individuals.
“Indeed, the presence of both public and private sector representatives, who have been directly involved in large-scale investments in sustainable development, is what makes today’s event so critical”, Anako said.
According to him, “the event provides an opportunity to move from dialogue to action and pave way for new Private Sector to thrive and resuscitate the economy. The breakout sessions this afternoon will give space for key players to discuss the challenges and ways to mitigate some of these challenges.
“I am convinced that we will come up with concrete steps on how to enhance that collaboration with the private sector which will translate to more job creation and the actualization of the objectives of NDP 2021-2025”, he added.
