President Muhammadu Buhari has launched the
Nigeria Economic Recovery and Growth Plan, ERGP, which seeks to restore
the nation’s economic status following the high rate of inflation and
recession.
The launch was undertaken shortly before the commencement of the meeting
of Federal Executive Council, FEC, inside the Council Chamber, Aso
Rock, Abuja on Wednesday.
The launch was attended by all cabinet members as well as top government
functionaries including the national chairman of the governing All
Progressives Congress, APC, John Odigie-Oyegun; Senate President Bukola
Saraki; Speaker of the House of Representatives, Yakubu Dogara; and
chairman of the Nigeria Governors Forum, NGF, and Governor of Zamfara
State, Abdulaziz Yari.
Mr. Buhari said his administration inherited numerous challenges at
inception. He also said his campaign was based on the difficult
situation that Nigeria was in and the need for enduring positive change.
The president said his administration is committed to delivering on the
three key areas that he promised during the campaigns; which are to
tackle corruption, insecurity and ensure economic growth.
“Security in the North East and other parts of Nigeria today is better
than when we came in. Law enforcement agencies are prosecuting many
cases of corruption and I assure all Nigerians that we are approaching
our economic challenges in the same manner we are fighting insecurity
and corruption,” he said.
The president said the ERGP focusses on agriculture with a view to
ensuring adequate food security as well as energy, industrialisation and
social investment.
He said the ERGP is an ambitious plan that seeks to achieve a 7 per cent
economic growth by the year 2020. He said the aim is not just to remove
the country out of recession, but to put it on the path of strength and
growth, away from being an import dependent nation.
“We must produce what we need,” he said.Mr. Buhari also said the ERGP
clearly sets out what his government is committed to doing by creating
an environment for businesses to thrive.
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