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Buhari to launch Economic recovery plan

By Jide Ajia

As a major step to revamp the economy, President Muhammadu Buhari has announced that Economic Recovery and Growth Plan (ERGP) from 2017 to 2020 would be launched on Wednesday.

The Guild recalled that the plan remained one of the major promises of the Buhari led administration, despite the fact that the supposed promise fulfillment is coming two years after he made it before and after the 2015 general elections.

The launch would hold at the Council Chambers of the Presidential Villa on Wednesday in Abuja, which is expected to sustain and build on the successes so far recorded in tackling corruption, improving security.

According Special Adviser to the President on Media and Publicity, Femi Adesina, explained that the Medium-Term ERGP was approved by the Federal Executive Council (FEC).

“ERGP is to restore sustainable, accelerated inclusive growth and development; investing in the people; and building a globally competitive economy,” he said.

However, The Guild can reveal that for millions of Nigerians already jobless and others battling with the harsh economic realities, the move by the presidency might be coming too late.

In another development, the Minister of Finance, Kemi Adeosun, hinted that the ministry was working towards fixing the nation’s infrastructures as way to building Nigeria economy and put it in proper perspective.

She gave an instance that building the economy has been an odious task for the ministry, especially when the price of commodity such as oil and gas is high, all would be happy but when the price is low, it becomes quite a miserable period for the ministry and the Nigerians.

Adeosun, who spoke for the first time in an interactive session on social media this afternoon, further explained that nonetheless, either the prices of commodity is low or high, the finance ministry still interested in ensuring that there was sustainable growth for Nigeria and its citizenry.

The minister added there was no short cut to growing the nations economy without investing in infrastructures, because of the need for good road network, railway operations, power supply and others.

While speaking on tasks, responsibilities and challenges confronting the ministry since her resumption in office two years ago, Adeosun noted that economic growth and other factors that would facilitate it recovery has continued to be the finance’s priority.

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