President Muhammadu Buhari on Wednesday in Abuja formally launched the Economic Growth and Recovery Plan. The launch took place at the Council Chamber of the Presidential Villa, Abuja.
The plan which is the brainchild of the Ministry of Budget and National Planning contained 60 critical initiatives expected to help get Nigeria out of recession and reposition on the path of growth.
Some of the initiatives included stablizing macro-economic, energy infrastructure and driving industrialization.
Speaking at the brief ceremony that preceded the meeting of the Federal Executive Council (FEC), President Buhari said that his government was determined to turn Nigeria from a consumer nation to a producing one.
“We are determined to change Nigeria from a consumer nation to a producing nation”, he said.
The Minister of Budget and National Planning, Senator Udo Udoma in his welcome address said that the initiative was in line with the change agenda of the government to revive the ailing economy.
“This is therefore a fulfillment to re-invigorate the economy”, he said.
In their separate remarks, the Senate President, Bukola Saraki, the Speaker of the House of Representatives, Yakubu Dogara and the Chairman of the Nigerian Governors Forum, NGF and Governor of Zamfara State, Abdulaziz Yari lauded the initiative.
While pledging their supports, they urged the federal government to make the implementation of the programe sacrosanct.