+234-703-382-3104, +234-806-729-6988    editor@witicles.com
Witicles™ on Facebook Witicles™ on TwitterWiticles™ on Google+Witicles™ BlogSend Email to Witicles™
Witicles.com





Author Box


Abiola Benjamin ObayomiAbiola Benjamin Obayomi
Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.
Joined 5 years ago
From Abuja, Nigeria
Total Articles 261

Recent Articles From Author

# What Are You Living For: Purpose or Yourself?
# 2019 Presidential Election: Nigeria Is Once Again Stuck With The Bad And The Ugly
# Marriage: God's Will For Every Man
# Women And Youths In Politics: The Emergence of A New Generation of Political Leaders

Namecheap.com Namecheap.com
Shop for Books online in Nigeria at kpiBooks.com.ng Order your favourite books online now, Save the stress & Pay online or with cash at Your Doorstep!


We help our esteemed clients develop web strategy that works!
Call us @ +234 803 578 3880
Article Category >>>Business and Economy

FG: Nigeria’s Economic Recovery Plan Ready This Month

By Abiola Benjamin Obayomi       Feb 04, 2017



FG: Nigeria’s Economic Recovery Plan Ready This Month

The Federal Government’s anticipated National Economic Recovery Growth Plan, NERGP, will be ready before the end of February. The NERGP focuses on five broad areas namely: macroeconomic policy, economic diversification and growth drivers, competitiveness, social inclusion and jobs, and governance and other enablers.

The government, through the plan, is targeting a growth rate of seven percent between 2017 and 2020. Mr Akpandem James, the Media Adviser to the Minister of Budget and National Planning, Sen. Udoma Udo Udoma, in a statement on Friday in Abuja, stated that the plan is expected to be formally launched by President Muhammadu Buhari.

It said that the Federal Government plans to brainstorm with economic experts from the private sector before finalising its development process. Apart from economic experts, the organised private sector, civil society groups, the academia and State governments will also be consulted.

It said, “This is expected to enrich the Plan development process.

“The Forum, scheduled for noon on Monday, February 6, 2017, is expected to be chaired by Vice President Yemi Osinbajo. “The NERGP is a follow-up to the Strategic Implementation Plan (SIP) which was a short-term economic plan to drive the implementation of the 2016 Budget. “In the SIP, the government promised that it would deliver a more comprehensive economic recovery and growth Plan subsequently.”

According to the statement, the plan aims to address current economic challenges, restore growth, and reposition the economy for sustained inclusive growth. It said, “It is principally targeted at getting the economy out of recession, getting people back to work and moving the country from a consuming nation to a producing nation. It also aims at providing an environment for ease of doing business and creating jobs, among others.

“Implementation of the plan will be driven by strong political will and strong collaboration between the public and private sectors especially in the areas of Agriculture, Manufacturing, Solid Minerals, Services and Infrastructure.” The statement stated that 59 strategies have been developed, out of which 12 have been prioritised based on their importance to the success of the plan. It listed priority areas to include restoring oil production to 2.2 million barrels per day and also reach 2.5 million barrels by 2020, privatise selected assets, accelerate non-oil revenue generation and drastically cut costs.

The statement further stated that Government also plans to align monetary, trade and fiscal policies, expand infrastructure especially power, roads and rail, revamp the four existing refineries and improve ease of doing business. It said policies that promote Made-in-Nigeria goods will also be introduced.



  
798


If you need to re-publish this ARTICLE, please cite this article - (https://witicles.com/fg-nigerias-economic-recovery-plan-ready-this-month-24519.html) and the Writer (Abiola Benjamin Obayomi)

Do You Find This Article Helpful?


Article Tags: Nigeria Economy Recovery Plan, Witicles
Save the Stress, Shop for Books Online in Nigeria - kpiBooks.com.ng
Article Source
Abiola Benjamin ObayomiAbout Abiola Benjamin Obayomi
Abiola Benjamin Obayomi Abiola Benjamin ObayomiAbiola Benjamin ObayomiAbiola Benjamin ObayomiAbiola Benjamin Obayomi

  Real Estate is my Profession. The change we need in Nigeria begins with all of us doing things differently. Collectively, we can make Nigeria work.


Social Sharing
If You Enjoyed This Article; Then, Share It On Your Social Network



     Copy This Short Link To The Article: http://i.witicles.com/kqj6s FG: Nigeria’s Economic Recovery Plan Ready This Month FG: Nigeria’s Economic Recovery Plan Ready This Month FG: Nigeria’s Economic Recovery Plan Ready This Month FG: Nigeria’s Economic Recovery Plan Ready This Month



Post Comment


Article Comments

No comment found! Be the first to share your thoughts on this article!



Namecheap.com
Related Articles




Author's Articles





My Accounts Categories Useful Links Affiliate Links Follow Us
Witicles.com is not a mere article directory; but Trusted Online Article Directory of syndicated articles on 27 core topics, including health and fitness, finance, business and economy, life improvement, real estate, politics, leadership, management and education. Authors publish articles for free and share knowledge with potential customers.


Lost Password
Sign In
Sign Up
News and Society (169)
Self Improvement (145)
Business and Economy (103)
Leadership (108)
Politics (72)
Arts & Entertainment (44)
Health & Fitness (126)
Religion and Kingdom (58)
Real Estate (16)
Computers & Technology (21)
About Us
Advertise With Us
Contact Us
How To Submit Articles
Article Writing Tips
Sitemap





Leadersoil
Hubpile
Pay4ebooks
kpiBooks
Fridayposts
Flickers of Hope Foundation





CentreNDL on Facebook  Facebook

CentreNDL on Twitter  Twitter

CentreNDL on Google+  Google+

CentreNDL Blog  Blog

Send Email to Hubpile  Email