Minister of Budget and National Planning says government will implement the Economic Recovery and Growth Plan

   The Minister of Budget and National Planning, Udo Udoma, has said that there is a strong political will on the part of the federal government to implement the Economic Recovery and Growth Plan, ERGP.

   Udoma said that the plan which would be launched by President Muhammadu Buhari next month was vital as it would help to restructure and reset the economy to the path of growth.
   He disclosed this In his presentation on “Government’s current economic revitalization effort” made to the private sector in Abuja, saying that unlike other programs of government which were never effectively implemented, the government had put in place strategic implementation plan for the success of the ERGP.
   He said 59 strategies have been developed for implementation to achieve the strategic objectives of the ERGP, noting that twelve of these strategies have been prioritized based on their importance to the success of the plan.
   The strategies are to restore oil production to 2.2 million barrels per day and until it reaches 2.5 million barrels per day by 2020, privatize selected assets, accelerate non-oil revenue generation, drastical reduction of costs and alignment of monetary, trade and fiscal policies.