Nairametrics| The Nigerian government is yet to release full details of its economic plan, preferring to release them one by one. Yesterday, the Minister of Budget and Planning, Senator Udo Udoma was talking to the private sector and yet again divulged some new details about the National Economic Recovery and Growth Plan (NERG). According to him, the plan’s main focus will also be to tackle challenges around availability of forex , fuel, power and improve the ease of doing business.
More Interestingly, he said the new plan will have the following “core principles”
- Promoting national cohesion and social inclusion
Allowing markets to function
- Upholding core values
Here is Udoma
“Promoting national cohesion and social inclusion: the ultimate beneficiary of more inclusive growth is the average Nigerian man and woman.
“Allowing markets to function: we recognise the power of markets to drive optimal behaviour among market participants. The plan prioritises the use of markets as a means of resource allocation where possible and supporting a more business friendly economic environment.
“Upholding core values: the economic recovery and growth plan is rooted in the core values that define the Nigerian society and are enshrined in the 1999 Constitution, notably discipline, integrity, dignity of labour, social justice, religious tolerance, self-reliance and patriotism.”
According to him,
the goal is to have an economy with low inflation, a stable exchange rate, and diversified and inclusive growth.