The Federal Government will grant incentives to encourage investment
in the priority sectors listed in the recently released Economic
Recovery and Growth Plan.
Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said in a statement signed by his Media Adviser, James Akpandem.
Udoma gave the assurance in Abuja when he received the Japanese Ambassador to Nigeria, Mr. Sadanobu Kusaoke in his office.
He said the plan focused on achieving macroeconomic stability,
transforming agriculture, driving sufficiency in energy, improving
transportation infrastructure and growing industrialization with
attention on small and medium scale enterprises.
According to him, implementation is paramount in the realization of
the plan’s objectives, therefore attention will be on prioritizing the
identified strategies and establishing a clear system of accountability.
He said attention would also be given to allocate resources to prioritized interventions, creating an enabling policy and regulatory
environment and developing an effective monitoring and evaluation system
to track progress.
The Plan, he explained, would be driven by some fundamental principles, including a focus on tackling constraints to growth.
He said it would also be driven by leveraging the power of the
private sector and promoting national cohesion and social inclusion as
well as allowing markets to function.
