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Senegal’s government published a 25-year economic development plan anchored around raising incomes, increasing life expectancy and lowering its deficit.
President Bassirou Diomaye Faye said he aims to “build a diversified and resilient economy” to triple per capita income by 2050. Faye said this can be achieved by developing the agriculture sector and harnessing oil and gas resources, alongside “ambitious industrialisation.” Sangomar, Senegal’s first offshore oil drilling project, started exploration in June. Meanwhile, the administration is carrying out audits of existing contracts granted by its predecessor to ensure conformity with its agenda.
The 44-year-old leader, who took office in April, dissolved parliament last month in the hope that a new legislature would support his policy agenda. Parliament will resume after legislative elections on Nov. 17.
