The Federal Government of Nigeria has released the Economic Recovery and Growth Plan (ERGP) which unveils a road map for Nigeria’s economic recovery growth and sustainable development.
This disclosure was made by James Akpnadem, Media Adviser to Senator Udoma Udo Udoma, the Minister of Budget and National Planning, in a statement on Tuesday in Abuja.
He further stated that the development of the plan went through rigorous processes, including wide consultation and robust engagement with stakeholders.
“The plan has been approved by the Federal Executive Council. The core vision of the plan is one of sustained inclusive growth.
“There is an urgent need as a nation, to drive structural economic transformation with emphasis on improving both public and private sector efficiency.
“The aim is to increase national productivity and achieve sustainable diversification of production, to significantly grow the economy and achieve maximum welfare for the citizens, beginning with food and energy security,’’ he said.
The official said that the plan envisaged that by 2020, Nigeria would have made significant progress towards achieving structural economic change with a more diversified and inclusive economy.
He said that the plan was expected to deliver on five key broad outcomes, namely: a stable macroeconomic environment, agricultural transformation and food security as well as sufficiency in energy.