The Federal Government on Tuesday at the Presidential Villa, inaugurated the Joint Working Group for the Economic Recovery and Growth Plan’s (ERGP) Focus Labs.
The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, said the establishment of the focus labs was expected to boost economic growth and ensure that Nigeria continued its journey of building a competitive economy.
According to him, “The objectives of the Buhari administration’s Economic Recovery and Growth Plan include eradicating corruption in government procurement and processes, prudent management of resources, social inclusion, overcoming power constraints and skills shortages, and further promoting private sector inclusion.
“In less than a year, following its launch by President Muhammadu Buhari, the implementation of the ERGP has seen the country’s economy record significant strides, including its exit from recession last year.
Speaking during the inauguration, Vice President said the move was to monitor activities in all sectors of the economy so as to keep tab on areas that need special attention from time to time as the economy grows.
