Nigeria's development plan will not deliver results

Significance

The plan aims for 85% funding by private capital, with the balance coming from federal and state governments. It also envisions 5% average annual GDP growth over the period, and its implementation will be overseen by a mix of public officials and private sector representatives.

Impacts

• The plan is unlikely to change the main economic policies of President Muhammadu Buhari’s administration.
• The lack of clarity over financing mechanisms will hinder implementation.
• Growth projections are set to prove too optimistic.