• 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
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

  • Fact-Check
  • Economy
    • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

      Customs, Defence Bureau Unveil Airboat for Smuggling War

  • National
    • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

      Troops Repel Bandit Ambush in Katsina as Four Farmers Abducted in…

      Military Troops during operations

      Troops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in Taraba

      Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

    • Government
      • Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

        Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

        Nnamdi Kanu of IPOB arrested by Nigerian security services

        Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

        Doctors

        Resident Doctors Commences Indefinite Strike in FCT

        Diplomacy and Digital Innovation – Youth Insight

        Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

        NAHCON

        Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

  • Security
    • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

      SP Abimbola Adebisi

      IGP Appoints SP Adebisi as Lagos Police PRO

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

      Troops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi,…

      Troops Repel Bandit Ambush in Katsina as Four Farmers Abducted in…

  • Features
    • Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

      Diplomacy and Digital Innovation – Youth Insight

      Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      Charlie Kirk

      Who Really Killed Charlie Kirk? By Femi Fani-Kayode

      Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

  • State
    • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

      Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

      Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

      SP Abimbola Adebisi

      IGP Appoints SP Adebisi as Lagos Police PRO

      Abubakar Tafawa Balewa University (ATBU) Bauchi

      Bauchi Forum Condemns ATBU’s Plan to Close Faculties

      Doctors

      Resident Doctors Commences Indefinite Strike in FCT

  • Event
    • Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home Government New Economic Recovery Plans to Deliver quick Result, Create jobs, Others says...
  • Government

New Economic Recovery Plans to Deliver quick Result, Create jobs, Others says Udoma

By
Salisu Haibabadamasi
-
March 1, 2018

New Economic Recovery Plans to Deliver Quick Result, Create jobs, Others says Udoma

Read Also:

  • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno
  • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End
  • Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

The Economic Recovery and Growth Plan (ERGP) Focus Labs scheduled to start on March 12, 2018 will focus on delivering quick and fast results to the citizens by identifying actionable projects, removing roadblocks and developing an enabling framework for the sector, the Minister of Budget and National Planning, Senator Udoma Udo Udoma told investors in Lagos on Thursday.
The Minister who was speaking at a sensitization luncheon with investors said the lab process is just one of the several initiatives by the Federal Government to drive the implementation of the strategic objectives of the Economic Recovery and Growth Plan (ERGP).
At the luncheon he indicated that government will be conducting focus labs in three selected areas within six sectors to deliver quick and fast results on investments and job creation. The selected areas are Agriculture and Transportation,manufacturing and Processing; and Power and Gas.
The luncheon was organized by the Ministry of Budget and National Planning in close collaboration with the Nigeria Investment Promotion Commission (NIPC).
He said the
labs are intended to drive new investments for critical projects and to resolve complex inter-agency problems that inhibit private sector investment. Government, he indicated, welcomes and is ready to provide assistance to investors..
He explained that the labs will specifically target the identification of projects which will increase investments and create jobs for the citizens.
Emphasising that the focus labs aim at unlocking projects with private sector funds, the Minister said the labs will seek to chart clear 3-feet implementation plans for each projects with identified budget and key performance indicators as well as alignment of stakeholders to execute the plan.
In the area of fast actionable projects, he said the labs will consider existing projects, as well LABSas big new ideas and projects, provided that they have immediate enhancements in impact on the economy and create jobs.
The labs are meant to remove roadblocks by ensuring that all enablers for high potential projects are relieved of the encumbrances that could stall their smooth operation, and also to use projects to create showcases for development of enabling framework, he said.
The Minister pointed out that there are huge opportunities for investments in agriculture and agro- processing, manufacturing, mining, construction and services, and that investors, whether domestic or foreign, who are interested in any of these areas are invited to participate in the labs, provided they meet the minimum criteria set out in the guidelines.
He indicated that the actions to unlock value in the labs include what policy or regulatory decisions are needed, what approvals are outstanding, what infrastructure improvements must be made, what processes need to be accelerated or enhanced and what human capital requirements must be addressed.
The labs’ target is to mobilize USD 25 billion in investment. One hundred and twenty six (126) potential entry point projects have already been identified, including 74 in Agriculture and Transportation, seven in Power and Gas and 45 in Manufacturing and Processing.
The Executive Secretary of NIPC, Ms Yewande Sadiku, said the Commission is glad to be associated with the project not only as a member of the labs focus group but in partnering to mobilise and sensitize the business community towards the labs’ success.
Sadiku who was represented by a Director in the Commission, Hajia Ladi Katagum, said the labs will also help the Commission actualize its own mandate, as it will assist in solving some of the complex issues potential investors have been grappling with.

Signed
Akpandem James
Special Adviser (Media) 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)
  • CREATE JOBS
  • economy
  • LABS
  • Nigeria
  • Udoma
Previous articleTroops Apprehend Young Herdsmen Destroying Farmlands in Benue [Pictures]
Next articleNigeria, Other Countries Speak Same Language on Lake Chad Basin
Salisu Haibabadamasi
Salisu Haibabadamasi
Xing

RELATED ARTICLESMORE FROM AUTHOR

Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

Nnamdi Kanu of IPOB arrested by Nigerian security services

Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

Doctors

Resident Doctors Commences Indefinite Strike in FCT

Diplomacy and Digital Innovation – Youth Insight

Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook By Bilkisu Ahmed Shekarau

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Bauchi Muslim Parliament

Bauchi Muslim Parliament Backs Senator Buba’s Peace Efforts

Professor Isa Ali Ibrahim Pantami and Nafisa Abdullah Aminu

Global Winner Nafisa Visits Professor Isa Pantami

Charlie Kirk

Who Really Killed Charlie Kirk? By Femi Fani-Kayode

Governor Kabir Abba Yusuf and the conjoined twins

Kano Separated Conjoined Twins Return Home After Successful Surgery in S/Arabia

Governor Abba Kabir Yusuf, Kano State

Kano Government Approves ₦1.1bn for School Uniforms to Tackle Out-of-School Children Crisis

Ahmed Balarabe Sa'id

Renewed Hope and the Broadening Public Sphere By Ahmed Balarabe Sa’id

The Minister of Education, Dr. Tunji Alausa

FG to Schools: Get Certified Teachers or Lose WAEC Accreditation

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno
  • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End
  • Power Outage: Police Broker Peace Between AKTH, DisCos in Kano
  • IGP Appoints SP Adebisi as Lagos Police PRO
  • Bauchi Forum Condemns ATBU’s Plan to Close Faculties
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in BornoDangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues EndPower Outage: Police Broker Peace Between AKTH, DisCos in KanoIGP Appoints SP Adebisi as Lagos Police PROBauchi Forum Condemns ATBU's Plan to Close FacultiesCourt Rejects Nnamdi Kanu’s Request for Transfer to National HospitalResident Doctors Commences Indefinite Strike in FCTTroops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi, KatsinaTroops Repel Bandit Ambush in Katsina as Four Farmers Abducted in ZamfaraTroops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in TarabaBook Review: Is This the Cure? A Look into Healing Nigeria By Hanniel NobohBook Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook By Bilkisu Ahmed ShekarauBook Review: Renewed Hope in Central Banking – A Blueprint for Nigeria’s Economic Future By Khadijah Lawan MuhammadRenewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu AdministrationSHAKE-UP: FRSC Redeploys Senior Officers to Bolster Operations Nationwide
X whatsapp