President Buhari launches Nigeria's Economic Recovery and Growth Plan

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.

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.