Buhari set to unveil new economic plan in December – Minister
A new economic plan to guide the country’s development in the next four years would be unveiled by President Muhammadu Buhari in December, according to the Minister of State for Budget and National Planning, Clem Agba.
Agba said the President would unveil the new economic blueprint as the Economic Recovery and Growth Plan, (ERGP) to wind down this year.
The ERGP is the Federal Government’s economic plan from 2017 to 2020.
The minister explained that the new plan would consist of two Medium Term National Development Plans as it would serve the country for the period of 2021 to 2025 and 2026 to 2030.
Agba made these disclosures at a press conference in Abuja on the Medium Term National Development Plans 2021-2025 and Perspective Plan, Nigeria Agenda 2050.
At the conference, the minister explained that the vision of government was to place Nigeria’s economy among the top 20 economies of the world with a minimum Gross Domestic Product (GDP) of $900bn.
“This is with a per capita income of not less than $4,000 per annum at the end of 2020,” he added.
Agba pointed out that the ERGP came as a child of necessity to pull Nigeria out of recession with negative GDP growth rate of 1.5 per cent in 2016 to the path of positive and sustainable economic growth.
