Development planning is a critical tool to drive progress and create a sustainable future of a nation. Various sources, including government officials, economic experts, and community leaders, have emphasized that development planning is not just a bureaucratic exercise but a comprehensive framework that guides the nation towards a more secure, prosperous, and harmonious future. The reasons why development planning is important in Nigeria are numerous as hereunder discussed. Sources assert that one of the primary objectives of development planning is to create a knowledge-based economy, an endeavor that goes beyond traditional industrial growth and taps into the potential of information, innovation, and technology. In a country that is rapidly modernizing yet grappling with numerous challenges, transitioning to a knowledge-based economy offers the promise of diversifying income sources, fostering entrepreneurial ventures, and equipping citizens with the skills needed to compete i...
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