Budget and National Planning Minister, Udoma Udo Udoma, has reassured Nigerians that the country will come out of the economic recession before the end of 2017.
The minister told journalists after briefing members of the National Working Committee (NWC) of All Progressives Congress (APC) on the implementation of the 2017-2020 Economic Recovery and Growth Plan (ERGP).
He reiterated that the President Muhammadu Buhari-led administration inherited an economy that was in bad shape.
He cited insecurity, massive corruption, unemployment, poor infrastructure, import dependent economy and other structural weaknesses, as issues synonymous with the immediate past administration.
“APC promised to bring change to Nigerians; during the campaign, President Buhari promised to tackle the security challenges, fight corruption and fix the broken economy.
“Mr President has remained irrevocably committed to delivering on these three promises, “the minister said.
Udoma said that, the ERGP contains bold actions that are required to tackle the current challenges and build a resilient economy for the country.
He explained that the plan was designed to get the economy out of recession unto a path of diversified, sustainable and inclusive growth.
The minister said the ERGP’s outlook and major deliverables include 4.6 per cent average real GDP growth rate over the plan period reaching 7 per cent by 2020.
“Implementation of the 2017 budget will be targeted at achieving the objectives of the ERGP and delivering on the promises of the APC and of Mr President,” he said. (NAN)
