The Midland People Party (MPP) presents "Project 50-Trillion," an audacious and achievable plan to transform Nigeria into the world's biggest economy with a Gross Domestic Product (GDP) of $50 trillion. Our strategy is built on the foundation of private sector dynamism, aiming to catalyze the creation of thirty million new companies as the primary engine of unprecedented wealth and job creation.
We believe the Nigerian people are its greatest asset. Our vision is to unlock this potential by creating an environment where enterprise thrives, innovation is rewarded, and every citizen has the opportunity to become an owner and contributor to national prosperity. The private sector currently accounts for over 90% of Nigeria's GDP, and the MPP will leverage this reality to drive exponential growth.
Key Pillars of Project 50-Trillion
1. The 30 Million Enterprise Challenge (MEC)
The cornerstone of our manifesto is the creation of 30 million new companies across all sectors. We will:
Streamline Business Registration: Implement a one-day, online business registration process with minimal fees and a simplified regulatory framework to drastically improve the ease of doing business.
Guarantee Access to Finance: Establish a National Entrepreneurship Development Fund (NEDF) with N50 trillion in accessible, low-interest credit for Small and Medium Enterprises (SMEs) and startups, leveraging digital footprints and cash flows to assess creditworthiness beyond traditional collateral.
Provide Tax Incentives: Offer significant tax holidays and exemptions for new companies, especially those in manufacturing, agriculture, and technology, for their first five years of operation.
Invest in Digital Innovation: Position Nigeria as a global innovation hub by investing heavily in a robust digital infrastructure, ensuring high-speed internet access nationwide to support digital enterprises.
2. Industrialisation as the Growth Engine
Growth is synonymous with industrialisation. We will shift Nigeria from a consumption-based, import-dependent economy to a production-driven industrial powerhouse.
Prioritize Key Sectors: Focus on sectors with strong backward and forward linkages and natural resource advantages, including agro-processing, textiles, leather, petrochemicals, and solid minerals (e.g., lithium processing).
Ensure Reliable Power: Address the chronic power deficit by implementing a mix of solutions, including renewable energy and significant investment in the national grid, to guarantee stable and affordable electricity for industries.
Establish Industrial Parks & SEZs: Create and empower Special Economic Zones (SEZs) and industrial parks with world-class infrastructure and shared services to foster clustering and value chain integration.
3. Infrastructure and Trade Competitiveness
We recognize the need for sustained, massive infrastructure investment to support our economic goals.
Annual Infrastructure Spending: Mandate an annual infrastructure investment requirement of at least $100 billion to bridge current deficits and build world-class transport, power, and logistics networks.
Promote Export-Led Growth: Implement a "Nigeria First" policy that promotes "Made-in-Nigeria" goods, boosts non-oil exports, and positions Nigeria as the manufacturing hub for the African Continental Free Trade Area (AfCFTA) market.
4. Human Capital Development
A competitive workforce is essential for a globally competitive economy.
Skills Development: Revamp the education system to emphasize capacity building, skills development, and vocational training that aligns with the needs of the emerging industrial sectors.
Guarantee Quality Healthcare: Ensure equitable access to a robust healthcare system, recognizing that a healthy population is a productive population.
Our Commitment
The Midland People Party is committed to creating a stable, industrialised, and prosperous Nigeria. We will ensure policy continuity, sound economic policies, and accountable governance. Through Project 50-Trillion, we will unlock the nation's true potential, making Nigeria the world's biggest economy within two decades, driven by the ingenuity and resilience of
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