The New National Capital City (IKN) will help Indonesia achieve its target of becoming a developed country by 2045, as outlined in the Indonesia 2045 Vision. Built with the notion of national identity, the IKN will change the orientation of development to become more Indonesia-centric and accelerate the country's economic transformation.

Nusantara Capital City Authority (Indonesian: Otorita Ibu Kota Nusantara) is a cabinet level-agency formed by Indonesian government, working directly under the President of Indonesia. The agency will become a special agency tasked with managing and governing the city of Nusantara, future capital of Indonesia located on Kalimantan.

A third cabinet reshuffle of Onward Indonesia Cabinet was done on 10 March 2022, with both the Chairman and Vice Chairman of Nusantara Capital City Authority inaugurated at the reshuffle.

On 4 May 2022 the permanent constitution of the Authority, Presidential Regulation No. 62/2022 was published, formally establishing the Authority, although the date of the Decree backdated to 18 April 2022.