Acting President Yemi Osinbajo, members of the Federal Executive Council (FEC), alongside Permanent Secretaries and Heads of Ministries, Departments and Agencies (MDAs), held a retreat at the State House Conference Centre, Abuja, over the implementation of the Economic Recovery and Growth Plan (ERGP) and the 2018 budget preparation process. The retreat was themed, “Building Synergy […]
Read More
Nigeria’s manufacturing sector is targeting to grow by 10.6 per cent and create over 15 million new jobs to solve the lingering unemployment problem in the country, if the Federal Government’s Economic Recovery and Growth Plan (ERGP) is implemented to the letter. Latest statistics have it that the manufacturing sector is presently growing at an […]
Read More
The Nigerian Federal Government, yesterday, approved a $45 per barrel oil price budget benchmark and predicated oil production at 2.3 million barrels per day for 2018. Minister of Budget and National Planning, Mr. Udo Udoma, said the approval is contained in the 2018-2020 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategic Paper (FSP) with […]
Read More
The Federal Government has announced a tax holiday ranging from between three and five years to fresh 27 industries. This followed the amendment of the list of pioneer industries and products at the Federal Executive Council (FEC) meeting presided over by Acting President Yemi Osinbajo, yesterday. Minister of Trade and Investment, Okechukwu Enelamah, at the […]
Read More Despite zero release, so far, for capital expenditure this year, the Federal Government yesterday projected a budget of ₦7,939,307,110.56 for the 2018 fiscal year. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, unveiled the projections in Abuja at a forum witnessed by civil society organisations, media, organised private sector and the general […]
Read More The Federal Government has set average growth rate target of 8.5 per cent to 10.6 per cent for the manufacturing sector over the next four years under the Economic Recovery and Growth Plan, ERGP. Minister of Budget and National Planning, Sen. Udoma Udo Udoma, disclosed this while addressing industrialists during the 60th annual general meeting […]
Read More
The Nigerian Ports Authority (NPA) has “fully automated” its operations nationwide in its bid to fulfil the Executive Order on Ease of doing Business, its Managing Director, Ms Hadiza Bala Usman, has said. Speaking at a meeting with stakeholders in Lagos, on the implemen-tation of the order, Ms Usman said NPA would continue to introduce […]
Read More
The Minister of Budget and National Planning, Udoma Udo Udoma has called on the Centre for Management Development (CMD) employees to help government actualise its Economic Recovery and Growth Plan (ERGP’s) goals. Speaking in Lagos during a facility tour at the CMD’s Lagos office, the ERGP, according to him, needs everybody’s contribution to succeed. He […]
Read More
The recently launched Economic Recovery Growth Plan (ERGP) of the federal government is perhaps the most ambitious economic recovery programme of any government in recent memory. The plan, which covers the period from 2107 to 2020, is designed to, among other objectives, enhance the country’s economic recovery, and also serve as the much needed catalyst […]
Read More
The Federal Government has appealed to the Islamic Development Bank (IsDB) to help fund the current administration’s Economic Recovery and Growth Plan (ERGP). Of particular interest in this regard, is the financing of infrastructure projects for which a wide gap exists, across the country. The appeal was made by the Permanent Secretary, Federal Ministry of […]
Read More
China has reiterated its resolve to partner Nigeria in the implementation of the Economic Recovery Growth Plan (ERGP), especially in the area of agricultural development, saying that it has the capacity to grow the country’s agriculture Gross Domestic Product (GDP) from ₦16 trillion in 2015 to ₦21 trillion in 2020. The revelation made during a […]
Read More
The Bank of Industry is seeking to raise about ₦1tn from local and international sources to finance the industrial component of the Economic Recovery and Growth Plan. The Acting Managing Director, BoI, Mr. Waheed Olagunju, stated this in Abuja at the 57th Annual General Meeting of the bank. The ERGP, which was launched last month […]
Read More
