Download Nigeria’s Economic Recovery and Growth Plan (ERGP)
Nigeria’s Economic Recovery and Growth Plan (ERGP) which is a road map for Nigeria’s economic recovery, growth and sustainable development has been released.
The 148-page recovery plan has economic ideology similarities with President Olusegun Obasanjo’s National Economic Empowerment and Development Strategy (NEEDS), which is believed to have been abandoned by successive governments since the end of tenure of Obasanjo’s government in May 2007.
The current administration said the development of the Economic Recovery and Growth Plan (ERGP) has the inputs of major stakeholders from the public and private sectors, in academia, the Organized Private Sector, Civil Society groups, Organized Labour, sub-regional governments, International Development Partners (including the World Bank, International Monetary Fund and African Development Bank), the National Economic Council (NEC) and the National Assembly.
The Plan has been approved by the Federal Executive Council.
A press release signed by Mr. Akpandem James, Media Adviser to the Hon. Minister, Senator Udoma Udo Udoma, says “The Plan envisages that by 2020, Nigeria would have made significant progress towards achieving structural economic change with a more diversified and inclusive economy.
“Overall, the Plan is expected to deliver on 5 key broad outcomes, namely: a stable macroeconomic environment, agricultural transformation and food security, sufficiency in energy (power and petroleum products), improved transportation infrastructure and industrialization focusing on small and medium scale enterprises.”