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Captains of industry and heads of the various Chambers of Commerce and Industry across the country, who gathered in Abuja for the consultative forum, variously pointed out that past development plans were rendered useless by either lack of, or poor implementation.

They therefore advised that if the Economic Recovery and Growth Plan (NERGP) being put together is to achieve the desired objective, deliberate structures must be put in place for diligent implementation, effective monitoring and thorough evaluation.

Acting President, Prof. Yemi Osinbajo, who presided over the session, assured that government is determined to put back the Nigerian economy on a sound footing through diligent implementation of the recovery and growth plan.

While acknowledging that there is suffering in the land occasioned by the current economic downturn, he pointed out that the years of deterioration and corruption cannot be remedied overnight.

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Giving the assurance in his office in Abuja when he received in audience, an eleven-man team of the National Executive Council of the Nigerian Institute of Quantity Surveyors led by its President Mrs. Mercy Iortyer who paid the Minister a courtesy call, Senator Udoma emphasized that the 2017 budget is designed to achieve stability, get the country out of economic recession, and set the platform for economic growth in the coming years.

According to the Minister, the thrust of the Federal Government’s recovery plan is to diversify the economy, strengthen the agricultural production base and its value chain in order to achieve self sufficiency in food production, intensify infrastructural development, create the enabling environment for manufacturing, create jobs, stabilize and strengthen the value of the Naira.

Explaining further, the minister said Government is prioritizing infrastructural development, which is evident in the 2017 budgetary allocations especially for road construction, airports rehabilitation, as well as power and rail infrastructure.

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Budget and National Planning Minister, Senator Udoma Udo Udoma, while briefing a select joint committee of the National Assembly on Tuesday as part of consultations towards packaging a strategic and all inclusive economic policy document, said the need for the plan and its effective implementation was all the more imperative, especially given the current state of the economy.

Recalling that the country has had several beautifully packaged but hardly implemented economic plans in the past, he urged that every effort must be made to ensure that the new plan eventually does not suffer the fate of those before it.

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