Economic recovery plan begins in Nigeria

Florence Adidi, Abuja

Minister of Budget and National Planning, Udoma Udo Udoma.

The Nigerian government has commenced the process of developing a detailed implementation roadmap for Economic recovery and growth plan, ERPG, introduced recently.

The Minister of Budget and National Planning, Udoma Udo Udoma said this at a Stakeholders’ Engagement on the ERPG Implementation Roadmap held in Abuja.

Udoma says through the ERGP “government is pursuing a path that will move Nigeria away from a jobless growth driven mainly by petroleum revenues to an inclusive and broad based growth’’.

Laying roadmap
According to him, the nation cannot enjoy the benefits of the programme except it is effectively and faithfully implemented.

Government is laying out the roadmap for a step to step delivery of each of the strategies.”

“Each strategy of the programme would be broken down into components activities, sub-activities and actions,” he stated.

The Minister stressed that each action would be supported by clearly “assigned responsibilities that would be sequenced against milestones and timelines”.

Admitting that the present economic growth is much lower than the nation’s target of 2.19 percent, the Minister explains that “all projections indicate that we will be climbing out of recession this year”.

The Economic Recovery and growth Plan, EPRG sets out three broad objectives which include, restoring growth to a positive and sustained path, investing in the people to improve their standard of living and building an economy that is globally competitive.

Sammie