diff --git a/packages/react-native-codegen/package.json b/packages/react-native-codegen/package.json
index eeaecf49ea9a71..2d556274c55c1b 100644
--- a/packages/react-native-codegen/package.json
+++ b/packages/react-native-codegen/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native-codegen",
-  "version": "0.0.16",
+  "version": "0.70.0",
   "description": "⚛️ Code generation tools for React Native",
   "homepage": "https://github.com/facebook/react-native/tree/HEAD/packages/react-native-codegen",
   "repository": {
diff --git a/repo-config/package.json b/repo-config/package.json
index adfd6c8ce966bd..cb498fc70a46b7 100644
--- a/repo-config/package.json
+++ b/repo-config/package.json
@@ -43,7 +43,7 @@
     "mkdirp": "^0.5.1",
     "prettier": "^2.4.1",
     "react": "17.0.2",
-    "react-native-codegen": "^0.0.16",
+    "react-native-codegen": "^0.70.0",
     "react-test-renderer": "17.0.2",
     "shelljs": "^0.8.5",
     "signedsource": "^1.0.0",