The Federal Government has approved a different growth trajectory of 3.5% for the next year, down from an initial 4.8%
This was revealed by the Minister for Budget and National Planning, Udoma Udo Udoma, on Wednesday, August 9, 2017.
The minister disclosed that the government has revised its goal downwards for the coming years by approving a different growth trajectory of 3.5%.
A 4.8% growth trajectory had previously been announced in the ministry's strategy paper.
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According to Udoma, the revision is a representation of the government's commitment to exploring ways of raising additional revenues that'll help to reduce the country's debt service burden.