Nigeria Moving Out Of Economic Recession – Udoma

By Oladapo Okeowo

The Nigerian economy is moving out the recession it has been in for most of the year.

This was disclosed on Thursday by the Minister of Budget and National Planning, Senator Udo Udoma.

Speaking at the inauguration of the planning committee for the 23rd Nigerian Economic Summit, Udoma said it can be attributed to the Economic Recovery and Growth Plan (ERGP).

He said, “The 23rd Nigerian Economic Summit is coming at a time when the national debate is no longer about how to get out of recession-we are already moving in that direction with the adoption of the ERGP.

“Focus will, therefore, be on specific sectors such as infrastructure, manufacturing, renewable energy, housing, agribusiness, creative industries, retail trade and digitalisation.

“The summit will essentially be used to see how we can intensify efforts to implement the ERGP to create opportunities, tackle unemployment and improve production.”

Udoma added that the summit would also complement the federal government’s effort to create over 15 million direct jobs by 2020.

The summit, themed “Actualising the Economic Recovery and Growth Plan: Opportunities, Productivity and Employment” will hold in October this year.