Hope rises as FG launches Economic Recovery Plan

Posted by News Express | 7 February 2017 | 1,888 times

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•Acting President Osinbajo.

The Nigerian government has launched the economic recovery growth plan; an initiative which Acting President, Prof. Yemi Osinbajo, says is expected to lead to the growth of the nation’s economy by seven per cent between 2017 and 2020.

Inaugurating the plan on Monday in Abuja, Prof. Osinbajo said the all-inclusive economic policy document will help put the economy back on track, following the effects of the recession.

According to him, the focus will be on five broad areas namely: macroeconomic policy, economic diversification and growth drivers, competitiveness, social inclusion, employment and governance.

Tagged ‘Budget of Recovery and Growth,’ the 2017 budget is expected to help Nigeria come out of recession but many have questioned the capabilities of the document to do just that.

Meanwhile, the Nigerian Senate has adjourned plenary till February 24, 2017, to allow the different committees work on the details of the 2017 budget as presented by President Muhammadu Buhari in 2016.

Senate President, Dr Bukola Saraki, in an exclusive interview with Channels Television, expressed optimism that the Federal Government is on the right track with its plans.

Source: News Express

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