BREAKING: Buhari Launches Economic Recovery Plan

The ceremony took place at the Council Chambers of the Presidential Villa, Abuja on Wednesday morning, shortly before the weekly Federal Executive Council (FEC) meeting.

President Buhari says the idea builds on the strategic implementation plan and sets out ambitious roadmap to achieve a 7% growth rate by 2020.

The launch was attended by Vice-President Yemi Osinbajo; President of the Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the Nigerian Governors Forum, Abdulaziz Yari; National Chairman of the All Progressives Congress, John Odigie-Oyegun; Governor of the Central Bank of Nigeria, Godwin Emefiele and members of FEC.

The ERGP which had earlier been approved by the FEC, is a medium-term plan to restore Nigeria’s economy to growth, and also build it to become globally competitive.

Amongst its broad strategic objectives are, restoring sustainable, accelerated inclusive growth and development; investing in the people; and building a globally competitive economy.

Recall that President Buhari’s Special Adviser on Media and Publicity, Femi Adesina, on Tuesday announced that the President will launch the ERGP today, Wednesday, April 5, 2017.

Adesina stated that the move is in furtherance of the current Administration’s drive to sustain and build on the successes so far recorded in tackling corruption, improving security and re-revamping the economy.

Reacting to the launch, Senate President Bukola Saraki called on all Nigerians to join hands together and support President Muhammadu Buhari to ensure the successful implementation of the ERGP.

It is a good thing that the economic recovery plan has now been launched by President Buhari. We all should work… https://t.co/g9ROX7vXJj

—Bukola Saraki (@bukolasaraki) April 5, 2017