The Minister of State for Budget and National Planning, Clem Agba, has said that the Federal Government will next month inaugurate a committee for the new economic plan next week.
Agba stated this during a familiarisation visit of the Centre for Management Development in Abuja and Lagos.
The minister, according to a statement from the ministry, expressed hope of an improved economy in the new development plan which his ministry has already started the development process.
He said a new economic blueprint for the country was imperative following the winding down of the Economic Recovery and Growth Plan this year.
The ERGP which is government’s economic blueprint for 2017-2020 has the broad objectives of restoring growth, investing in the people and building a globally competitive economy.
It was developed through a rigorous process involving wide consultations and intensive engagements with relevant stakeholders.
The ERGP aims to address the country’s economic challenges and lays the foundation for economic diversification and growth.
The core vision of the plan is one of sustained, inclusive and diversified growth. The initiatives of the plan are directed at attaining structural economic transformation.
The new economic blueprint would cover a 10-year period with a five year rolling plan
On the ERGP, which is coming to a close this year, Agba explained that its review was currently ongoing to ascertain what had worked well and what had not.
Source: Punch Newspaper
