After months of extensive consultations with stakeholders from both the private and public sectors of the economy, the Federal Government on Tuesday finally released the Economic Recovery and Growth Plan which is expected to take the country out of recession.
The document which was released by the Ministry of Budget and National Planning contains the economic blueprint of the government for a three year period from 2017 to 2020.
The core vision of the plan is one of sustained inclusive growth to drive structural economic transformation with an emphasis on improving both public and private sector efficiency.
The aim is to increase national productivity and achieve sustainable diversification of production, to significantly grow the economy and achieve maximum welfare for the citizens, beginning with food and energy security.
The plan envisages that by 2020, Nigeria would have made significant progress towards achieving structural economic change with a more diversified and inclusive economy.
Overall, the plan is expected to deliver on five key broad outcomes,which are a stable macroeconomic environment; agricultural transformation and food security; sufficiency in energy (power and petroleum products); improved transportation infrastructure and industrialization focusing on small and medium scale enterprises.