President Buhari to officially launch ERGP

The document shows government action plans towards rejuvenating the economy and putting back it on growth path.

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The statement noted that the launch is “in furtherance of the current administration’s drive to sustain and build on the successes so far recorded in tackling corruption, improving security and revamping the economy”.

“The Medium-Term Economic Recovery and Growth Plan (ERGP), which has been approved the Federal Executive Council (FEC), has amongst its broad strategic objectives: restoring sustainable, accelerated inclusive growth and development; investing in the people; and building a globally competitive economy”.

The ERGP document was made public on March 9, 2017 while the President was still on his medical vacation in the United Kingdom.

Many development and economic experts have expressed different opinions on the contents of the document. Some analysts noted the appropriateness and how realistic some of the assumptions and projections in the document are, while others expressed doubt about government ability to fully implement the letters of the document.

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