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Tag Archives: Economic Recovery and Growth Plan

2018 budget’ll hit the National Assembly before October this year—Udoma

Udoma

Indications have emerged that the annual budgetary timing challenge which frustrated both the 2016 and 2017 budget may not rear its head again. This is coming on the heels of the revelation made by the Acting president, Yemi Osinbajo shortly after inking the 2017 Appropriation Bill into law, showing that preparatory activities for the 2018 budget based on the Federal ...

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Tier II operators identify threats to meeting national broadband target

NCC Danbatta

Core investors in Nigeria’s Tier II telecoms segments have drawn attention of the federal government to the difficulties threatening their operations, saying if not resolved as soon as possible, the multiplier effect will include derailing of the broadband plan of the Federal Government. The Tier II operators made up of notable broadband companies in Nigeria therefore asked the Nigerian Communications ...

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Bridging infrastructure gap, best antidote to sustainable economic recovery—PwC

Udoma, Buhari, Adeosun

Contrary to plans by the federal government to implement the newly launched Economic Recovery and Growth Plan (ERGP) using a taskforce, PriceWaterCoopers (PwC) has suggested effective bridging of identified infrastructural gap in various value-chains as better strategy to drive recovery. New report by PwC on promoting economic prosperity through an analysis of the state level business environment in Nigeria showed ...

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Using taskforce to implement ERGP’ll lead to duplication of duties, confusion, failure—Expert

Udoma, Buhari, Adeosun

As soon as the Minister of Budget and National Planning, Senator Udo Udoma, said the newly launched Economic Recovery and Growth Plan (ERGP) would be driven by a task force to be constituted by the Federal Government, an economist, Mr. Salau Ibrahim has cautioned the plan, saying it will lead to confusion and eventual collapse of the plan’s target. He ...

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Buhari unveils FG’s Economic Recovery and Growth Plan today, Wednesday

imf visit

All is set for the official launching of the Federal Government’s survival strategy roadmap, the Economic Recovery and Growth Plan (ERGP) 2017-2020 by President Muhammadu Buhari today, Wednesday at the Council Chambers of the Presidential Villa, Abuja, at 11am. The plan, according to the architects will herald a new push for economic recovery and the building of a competitive global ...

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Lift forex ban on 41 items, criminalize Bureau D’Change to exit recession early—IMF

imf visit

The long awaited warning from the International Monetary Fund (IMF) finally came and two major contents include that the Federal Government need to lift the remaining foreign exchange restrictions on the 41 items and see how it can outlaw multiple exchange rates as soon as possible. The report came after the visit of the IMF officials to Nigeria to assess ...

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FG unveils fresh plan to restore daily crude production to 2.2mbpd, aims N800bn yearly

Ibe Kachikwu

Riding on the achieved peace in the oil rich Niger Delta and drop in hostilities in the region, the Federal Government has unveiled plans to restore crude oil production to 2.2 million barrels per day (mbpd). The new target is to further boost revenues by additional N800 billion yearly. The new drive is expected to optimise the delivery of at ...

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Youths react to FG statement on economic recovery being in hands of youths

Udoma

Less than 24 hours after the Minister of Budget and National Planning, Udo Udoma, said the Economic Recovery and Growth Plan will be driven by science, technology and innovation targeted at the youths, Director of Youth Activities at Africa Environmental & Economic Peace Mission (AEEPM), Dr. Joel Maaka has described the claims as lip service. Udoma had stated this while ...

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How Nigeria will gain from the proposed $64 Million ‘Green’ Bond

Green Bond launch

Thursday last week can best be described an epoch making day in a renewed drive to exit recession relying on the imports of the $500 million Eurobond which had already instilled confidence in financial policy makers and industry players. Unveiling the $64 million ‘green’ bond slated for April at the floor of the Nigerian Stock Exchange (NSE), Acting President, Yemi ...

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