Executive Summary of the Strategic Plan (2024-2028) by the Fed. Ministry of Special Duties and Inter-Governmental Affairs

The socio-economic challenges of low and fragile economic growth, insecurity, weak institutions, insufficient public service delivery, notable infrastructure deficits, climate change and weak social indicators that the present administration is seeking to address were occasioned by sub-optimal performance of the Nation's economy for nearly a decade. First, in 2016 Nigeria's socio-economic growth was badly affected by unprecedented shocks in terms of trade, reduced oil production and prices among other things which resulted in economic recession. The country's recovery from the recession between 2017-2019, which was facilitated by the Economic Recovery and Growth Plan (ERGP), was however truncated when the coronavirus disease (COVID) pandemic in 2020 hit, coupled with yet another spate of falls in crude oil prices and social conflicts. A set of fiscal and monetary stimulus packages implemented under the Economic Sustainability Plan (ESP) contributed to the country's exit from the COVID-19-induced recession in the fourth quarter of 2020.

The National Development Plan (NDP) 2021-2025, was developed to succeed the ESP and to put Nigeria back on a sustained path of economic growth. The NDP aimed to implement major infrastructure and other development projects across the six geopolitical zones and to open up opportunities for the rural areas to ensure balanced development and increased competitiveness.

A little over one year after the launch of the NDP, the present administration was inaugurated, thereby inheriting the myriad of challenges that the NDP sought to address. The Renewed Hope Agenda was therefore developed to build on the trajectory outlined in the NDP and the Nigeria Agenda 2050. The Renewed Hope Agenda is anchored on four pillars (Improved Livelihood, Economic Outcomes, Harnessing Human Resources, and Fairer & Safer Playing Field), which are broken down into eight (8) priority areas (Food Security, Ending Poverty, Economic Growth and Job Creation, Access to Capital, Inclusivity, Security, Fairness and Rule of Law and Anti-Corruption Stance).

This Strategic Plan is developed by the Federal Ministry of Special Duties and Inter[1]Governmental Affairs (FMSDIGA) to reposition and align its activities towards the Renewed Hope Agenda of this administration as the mantra of His Excellency, President Bola Ahmed Tinubu, GCFR for the path to national growth and development that will lead to the desired collective prosperity of Nigeria.

The FMSDIGA is among the three (3) Federal Ministries that have been saddled with the responsibility to contribute to the implementation of the eight (8) priority areas of the Renewed Hope Agenda. This five (5) year Strategic Plan (2024-2028) provides the Ministry's roadmap towards catalyzing the realization of the Renewed Hope Agenda.

 The Plan was developed through the active participation of all stakeholders in the Ministry. It is arranged sequentially into the four (4) Strategic Pillars and eight (8) Priority Areas with eight (8) goals, thirteen (13) Strategic Objectives and thirteen (13) Interventions as well as eighty-two (82) Key Activities.

The total estimated cost of the Plan of ₦178.9 billion is the aggregate of the costs of all the key activities to be carried out by the Departments, Agencies and Parastatals of the Ministry on an annual basis for the next five-year period. The plan also shows estimated cost distributions according to Strategic Pillars, Priority Areas, Implementing Entities, and based on Programme/Project Areas.

The funding gap of the Plan was estimated to be about fifty-four per cent (54%), which reflects a significant fiscal constraint to its effective implementation. Additional resource mobilisation is necessary through advocacy to increase the Government's annual budget allocation as well as increased revenue generation. Engagement with development partners, and private and informal sectors would also be important in augmenting the funding gap.

A steering committee will be established to oversee the effective implementation of the Plan. This committee will be chaired by the Honourable Minister of Special Duties and Inter[1]Governmental Affairs and will comprise representatives from departments and agencies of the Ministry, and other relevant Ministries (Finance, Budget and National Plan, Health, Education, Water Resources, and Environment etc), development partners, civil society and community organisations, and other relevant stakeholders.

The implementation of this Plan will be supported with a robust monitoring and evaluation mechanism, which will help to track progress and facilitate course correction. Implementation progress will be tracked using the key results framework that has been developed for this Plan, which captures high-level performance indicators for each of the priority areas and key activities.

Overall, this Plan should be implemented through the Annual Operational Plan for each year, which is expected to guide budgeting and performance tracking towards catalysing the realization of the Renewed Hope Agenda.

Federal Ministry of Special Duties and Inter-Governmental Affairs

Abuja