• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

  • National
    • Police Officer

      Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

      Shittu Yunus Shittu

      Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

      162 years of the Nigerian Army celebrations

      The First Shot and the Long March: Reflections on 162 Years…

      Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

    • Government
      • At BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health…

        Tinubu conference centre generates N700m in 3 weeks – Wike

        Soldiers

        Soldiers, forest guards to tackle insecurity in Kwara State

        MUSWEN Muslim Ummah of South West

        MUSWEN Renews Call for Shariah Courts to Regulate Affairs of Muslims

        Corporate Affairs Commission

        CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in Nigeria

  • Security
    • Police Officer

      Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

      NDLEA Logo

      NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects…

      NAF Airstrikes, NAF Air, NAF jets

      Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in…

      Troops of Operation FANSAN YANMA

      Troops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in Katsina

      NAF bombardment of terrorists' enclave mounted with solar panels

      NAF Airstrikes Crush Terrorist Camps in Mandara Mountains, Kill Senior JAS…

  • Features
    • Shittu Yunus Shittu

      Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

      162 years of the Nigerian Army celebrations

      The First Shot and the Long March: Reflections on 162 Years…

      From SDP to ADA to ADC: Can the New Opposition Coalition…

      Bashir Adewale Adeniyi MFR

      Adeniyi: Lifting Nigeria to the Pinnacle of Global Customs Authority

      Nigeria’s Growth Numbers Tell Only Half the Story By Umar Farouk…

  • State
    • NDLEA Logo

      NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects…

      NAF Airstrikes, NAF Air, NAF jets

      Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in…

      Troops of Operation FANSAN YANMA

      Troops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in Katsina

      The suspected notorious Militia member

      Troops Nab Notorious Militia, Recover Weapons in Plateau State

      Police Officer

      Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home General States Consider Inputs Into National Economic Recovery Plan
  • General

States Consider Inputs Into National Economic Recovery Plan

By
Akpandem James
-
November 25, 2016
Senator-Udoma-Udo-UdomaCommissioners of Budget and Economic Development and Permanent Secretaries of related departments in States of the Federation on Thursday gathered in Abuja to contribute ideas and consider inputs into the National Economic Recovery and Growth Plan (ERGP).
 
The gathering was part of the Federal Government initiative to harvest inputs from all segments of the country to produce an all-inclusive development plan that will pull the economy out of recession and set it on the path to sustainable growth and development.
 
In the last three weeks, the Federal government has had consultations with economic experts, private sector operators, academic and government stakeholders, which generated very insightful perspectives and ideas on issues to consider in the plan.
 
 During the week, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, had an interaction with Chief Financial Officers of top corporate organizations in Lagos as well as a working session on the plan with development partners in Abuja. The State Governors were briefed on the plan Thursday last week.
 
Addressing the opening session of the State Commissioners Roundtable on Thursday, the Minister said their views and inputs were very necessary because of the critical role States play in the Nigerian economy.
 
The Commissioners were to, among other things, review the context of the ERGP, identify the potential areas for States’ interventions, share the plan structure and discuss potential key initiatives expected to be implemented at the National and State levels, propose the role of States in ensuring effective implementation of the plan and provide inputs on the structure and content of the plan.
The Minister said the plan became all the more imperative because of the current state of the economy which relapsed into recession in the second quarter of the year and which posted a GDP growth level of -2.24% in the third quarter.
 
      “The States are also badly hit, with oil prices and production volumes declining to low levels and the inability of most States to pay salaries and also meet up with other key expenditure/investment needs”, he said.
 
        According to him, the recession reflects inherent structural issues in the nature of the country’s economy, the current manifestation of which began in mid-2014 when the global oil prices crashed.
 
    He said the Federal government has taken steps in the 2016 Budget to proactively address the challenges in the 2016 Budget, and was designed to reflate the economy. The Strategic Implementation Plan (SIP) set out a number of initiatives which were designed to support the implementation of the budget. Many of the initiatives have started yielding results, he added.
 
    The goal of the ERGP, the Minster emphasized, is to have an economy with low inflation, stable exchange rates, and a diversified and inclusive growth. “The proposed initiatives prescribed by the plan should address our poor competitiveness, improve the business environment and attract investment in infrastructure, especially power, roads, rail and ports”, the Minister emphasized.
Coordination among Federal, States and Local Governments is crucial to the implementation of the plan. “We desire a plan that is realistic and would achieve the desired results. Your views are certainly invaluable in this regard”, he told participants.
 
The NRGP is expected to build on the existing SIP which was an interim plan developed in April, 2016. President Muhammadu Buhari had, in his Foreword to the SIP, promised Nigerians that a fuller and more comprehensive medium-term plan will be prepared by the end of 2016. The NRGP is intended to fulfill the dual goal of identifying short-term recovery initiatives and also presenting a medium-term plan.
 
 
Akpandem James
Media Adviser to the Hon. Minister
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • (ERGP)
  • Senator Udoma Udo Udoma
Previous articleAGF Urges Newly Promoted Directorate Officers In The Treasury To Uphold Discipline And Good Work Ethics
Next articleObaseki To Collaborate With National Planning Ministry On Developmental Issues
Akpandem James
Akpandem James
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Police Officer

Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

NDLEA Logo

NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects in Edo

PRNigeria logo fearured image

Group Condemns Amaechi’s Comment as Inciteful, Dangerous

NAF Airstrikes, NAF Air, NAF jets

Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in Mandara Mountains

Troops of Operation FANSAN YANMA

Troops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in Katsina

The suspected notorious Militia member

Troops Nab Notorious Militia, Recover Weapons in Plateau State

Shittu Yunus Shittu

Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

Abubakar Malami

Defection Can’t Erase Malami’s Legacy of Impunity, Watchdog Group Warns

Appeal Natasha Akpoti Reinstatement Ruling, Women Groups Urge Senate

Police Officer

Security Forces Nab 2 Suspected ESN/IPOB Terrorists in Enugu

Tinubu conference centre generates N700m in 3 weeks – Wike

Police Officer

Police rescue 19 Ghanaians from human traffickers in Oyo

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons
  • NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects in Edo
  • Group Condemns Amaechi’s Comment as Inciteful, Dangerous
  • Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in Mandara Mountains
  • Troops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in Katsina
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover WeaponsNDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects in EdoGroup Condemns Amaechi’s Comment as Inciteful, DangerousScores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in Mandara MountainsTroops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in KatsinaNAF Airstrikes Crush Terrorist Camps in Mandara Mountains, Kill Senior JAS FightersAt BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health SystemsTroops Nab Notorious Militia, Recover Weapons in Plateau StateCan Nigeria Lead Africa’s AI Revolution? By Shittu Yunus ShittuTinubu to Troops: You Have My Full Backing to Crush Terrorists, SeparatistsThe First Shot and the Long March: Reflections on 162 Years of the Nigerian Army By Olayemi Esan47 Years of Excellence: Honoring Asiwaju Awomolo, SANDefection Can’t Erase Malami’s Legacy of Impunity, Watchdog Group WarnsAppeal Natasha Akpoti Reinstatement Ruling, Women Groups Urge SenateBREAKING: Olubadan of Ibadan Dies After One Year on the Throne
X whatsapp