Thursday, 19 January 2017
President Buhari To Launch Nigerian Economic Recovery Plan In February. cc @DrJoeAbah
President Muhammadu Buhari will launch next month an Economic Recovery Growth Plan for Nigeria, which is going through a difficult recession.
Vice-President Yemi Osinbajo disclosed this Wednesday when addressing a Business Interaction Group made up of international and local investors and business interests on the sidelines of the World Economic Forum (WEF) which is being held in Davos, Switzerland, this week.
Osinbajo said the newly developed ERGP of the Buhari Administration is being specifically designed to take the country out of recession and to continue to grow the economy in the long term. The planning of the 2017 budget is also based on the ERGP.
Osinbajo in speeches at various events at the WEF, also spoke about the Buhari administration's signature Social Investment Programme which is centred on the empowerment of Nigerians. The programme also has a social welfare component to help the people survive as they are being empowered.
The Vice-President, apart from speaking to a packed international Business Interaction Group of investors focused exclusively on Nigeria, also addressed a panel om the theme "Building Africa" in which he was joined in the discussion by Rwandan President Paul Kagame.
Asked to mention the kind of radical ideas which can advance the African continent, Prof. Osinbajo gave the example of the Nigerian Federal Government's Social Investment Programme where for the first time half a trillion Naira (about US$1.6 billion) is being budgeted by the Federal Government for social programmes. "It is about investment in people, in their skills, in youth," he explained.