The government is expected to provide N49.7 trillion, while the private sector would provide N298.3 trillion

 The government is expected to provide N49.7 trillion, while the private sector would provide N298.3 trillion.

President Muhammadu Buhari says the Nigerian government requires N348.1 trillion in investments for his National Development Plan 2021-2025 to succeed.

Speaking at the formal launch of the plan on Wednesday, December 22, 2021, the 79-year-old said is to achieve a broad-based real GDP growth rate of 5% on average during the four-year period.

He said the plan also hopes to generate 21 million full-time jobs, and lift 35 million people out of poverty through an inclusive growth.

"I have no doubt in my mind that with effective and sustained implementation, Nigeria will achieve quantum leap in unlocking its potentials in all sectors of the economy for a sustainable and inclusive national development," he said.

The government is expected to provide N49.7 trillion or 14.3% of the N348.1 trillion, while the private sector would provide the balance of N298.3 trillion or 85.7%.