Nigeria President has formally launched the Economic Recovery and Growth Plan (ERGP) which contains measures expected to help plug the country out of recession. Speaking in Abuja at a brief ceremony set up after a meeting of the Federal Executive Council (Cabinet), Muhammadu Buhari (photo) said his administration is determined to transform Nigeria from a consumer nation to a net producer.

“The EGRP brings together all our sectorial plans for agriculture and food security, energy and transport infrastructure, industrialization and social investments together in a single document. It builds on the Strategic Implementation Plan and sets out an ambitious roadmap to return the economy to growth; and to achieve a 7% growth rate by 2020,” he added.

In his speech, the Minister of Budget and National Planning, Udoma Udo Udoma, said the plan is in line with the change agenda of the government to revive the recession-hit economy. “This is, therefore a fulfilment to re-invigorate the economy”.

EGRP which is the idea of the Ministry of Budget and National Planning was first unveiled early last month. It contains 60 initiatives that will help move Nigeria on the path of growth.

Anita Fatunji