ABUJA, Nigeria – Nigeria’s House of Representatives debated and passed a bill to establish a 50-year national economic plan for the country through its second reading on Wednesday, April 29, 2026.
Okay News reports that Amobi Ogah introduced the proposed legislation to provide a legal framework for the sustained implementation of national development plans.
The plenary session was presided over by Nigeria’s Deputy Speaker, Benjamin Kalu. The bill seeks to establish a legally binding economic framework to guide development across successive administrations from 2026 to 2076.
“By institutionalising continuity, coordination and accountability, the bill is designed to reposition Nigeria’s economy for sustainable growth and global competitiveness,” Ogah said. He added that the absence of continuity in economic policies has historically discouraged long-term investment in capital-intensive sectors.
Nigeria’s House Leader, Julius Ihonvbere, urged members to support the legislation. “this is not even about the annual budget but a framework to reposition planning through discipline. This way, any party in power will not deviate from it,” Ihonvbere said. Lawmaker Yusuf Gagdi contributed to the debate, stating that economic problems began when the nation abandoned agriculture.
The bill is expected to return to the floor of the legislative body for a third and final reading ahead of its transmission to the Nigerian Senate for concurrence.
