The minister of Budget and National Planning, Senator Udoma Udoma yesterday disclosed that 59 strategies have been developed to end the current economic situation. He made this disclosure at the Presidential Villa in Abuja during the Second Presidential Business Forum.
He said the medium term Economic Recovery and Growth Plan (ERGP 2017-2020) was being finalised to address current economic challenges, restore growth and re-position the economy for sustained inclusive growth.
Udoma listed the following 12 out of 59 strategies that the government had prioritised based on their “importance to the success of the Economic Recovery and Growth Plan”.
- Restoring production to 2.2mbpd and reaching 2.5mbpd by 2020
- Privatising selected assets
- Accelerating non-oil revenue generation
- Drastically cutting costs
- Aligning monetary, trade and fiscal policies
- Expanding infrastructure especially power, Roads and rail
- Revamping the four existing refineries.
- Improving ease of doing business
- Expanding social investment programmes
- Delivering on agricultural transformation
- Accelerating implementation of National Industrial Revolution Plan
- Using special economic zones focusing on priority sectors in order to generate jobs as well as promote exports, boost growth and upgrade skills.
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I believe it,when I see it,Last year the vice-president posted some stuff on twitters on some govt strategy on economic growth,which includes the building of TRAM BY GOVT.I HOPE IT WILL BE POSSIBLLY DONE BY THE LOCAL GOVT AREA.
LET GOVT PROVIDES US THE DETAILSi have to ignore it,the main reason. is no govt have endless revenue to make his citizens happy or fulfills their obligations,At devos western investor circled the saudia Arabia minister for oil,all question on their lips, “when are you going to float your govt petroleum company, and where are you going to float it”.we all wanted to be rich.if you’re rich you command respect and infulences..
This economic plan will last to 2020,but there will be an election on the 2019, will you be be there after 2019.there is too much and great expectation and frustration in Nigeria,especially amongst the young Nigerians.
Blitzkerig in German word” lighting war”,this was the military tactics used in operation babarossa,by the germans in their invasion against the soviet union,blitzkerig what is it ?.you shell those area or town,you want to capture or send airplane to bomb the shit out of them,then you send your tanks,because they are protect by their amour in their hull,you send the infantry accompanied the tank to mop-up resistance,and this involves a suprises attack THIS STRATEGY WAS APPLIED AFTER THE SLAUGHTER IN WORLD FIRST WAR,it was aimed to saves as much troops and reduces casualties,it was used in this way, at the enemy morale,,military communication,break-up formation and the ability of the enemy capacity to fight or mobilizes it’s troops.
Why not govt endorses a short-term stategy,6 months or 3 months.national debt is still low,such economic plan must involves the private sectors.this economic plan sound good on paper,govt used to have a 6 year economic plan and they publishes their plan in white paper,and this govt have no time to do any thing meanful before the next election
Too many levers. Very easy to lose focus and have sub-optimal performance