By Peter Egwuatu
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday, disclosed plans by the Federal Government to implement measures toward realising a growth target of 7 per cent by 2020.
While briefing newsmen on the upcoming Twenty Third Nigerian Economic Summit (NES23) scheduled to hold on October 10 to 12 , 2017 at the Transcorp Hilton, Abuja, Udoma, said : “The implementation of the Economic Recovery Growth Plan, ERGP is critical to achieving the ambitious goals of this government to diversify the economy and attain a growth rate of 7 per cent by 2020.”
He stated that the summit will elicit and adopt a solution-based approach in addressing the issues that will expand opportunities, tackle unemployment and improve productivity. “This is in line with the aspirations of the ERGP which aims at restoring and sustaining growth, investing in our people, and building a globally competitive economy. The theme is also significant, given the need to sustain the imperatives of the “Made-in-Nigeria” agenda from NES#22. This is expected to enhance the effective implementation of ERGP and also translate to improvement in living standards of the citizen” he stressed.
The theme of this year’s summit titled “Opportunities, Productivity & Employment: Actualizing the Economic Recovery & Growth Plan”, according to Udoma , is also significant, given the need to sustain the imperatives of the “Made-in-Nigeria” agenda from NES#22.
It will be recalled that last year’s summit, NES#22 focused on “Made-in-Nigeria” with the aim of getting stakeholders’ commitment to the structural and fiscal changes required to diversify the Nigerian economy by placing much-needed emphasis on Made-in-Nigeria goods and services.