Minister of Budget and National Planning, Udoma Udo Udoma has said Nigeria is not likely to achieve the seven per cent target of the Economic and Recovery Growth Plan (ERGP) by 2020.
Udoma, who stated this yesterday in Abuja at his end of tenure media briefing, however, believes that the projection would be achieved during President Muhammadu Buhari’s second term in office. His words: “What we need to do when something is working is to work harder at implementation and not to start reviewing and wasting time on it.
“An economy that is moving backward is like a car moving backward and it takes a lot of force to stop the car from moving backward. We have to stop the slide and start moving in a positive direction, which we have started.“The process takes time to build up momentum, the beginning is bound to be slow, but once you build up momentum you will see the economy moving more rapidly.”
Udoma also disclosed that the implementation of the ERGP resulted in the economy exiting recession in the second quarter of 2017 and returning to the path of growth with most economic indices showing positive momentum. Read more
