A Plan to Release an Economic Plan

The Federal Government of Nigeria says it plans to release its Economic Recovery and Growth Plan (ERGP) to cover 2017-2020.

It directs interested people to visit a website where the plan is supposedly published. The site has not been accessible to many.

Officials of the Ministry of Budget and National Planning, who announced the release of the plan on Tuesday, claimed that the ERGP will restore growth, diversify the economy and solve the country’s current economic crisis. Yet, the plan in the plan is to increase crude oil production to 2.5million barrels per day!

The ministry states: “The vision of the ERGP is one of sustained inclusive growth. There is an urgent need as a nation to drive a structural economic transformation with an emphasis on improving both public and private-sector efficiency.

“This is aimed at increasing national productivity and achieving sustainable diversification of production, to significantly grow the economy and achieve maximum welfare for the citizens, beginning with food and energy security. This plan is a pointer to the type of Nigeria that the people desire in the short to medium-term, and encourages the use of science, technology and innovation to drive growth.

“It also provides a blueprint for the type of foundation that needs to be laid for future generations, and focuses on building the capabilities of the youth of Nigeria to be able to take the country into the future.”

Nigeria has never run short of a plan. As the yearly budget testifies, what the country lacks is implementation. That’s why many won’t be bothered to read whatever economic plan the government publishes.

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