Recession: Buhari Raises Hope Of Economic Recovery

President Muhammadu Buhari has formally launched the Economic Growth and Recovery Plan declaring the nation is on the path of recovery from economic meltdown.
The plan which is the brainchild of the Ministry of Budget and National Planning contained 60 critical initiatives expected to help get Nigeria out of recession and reposition on the path of growth.
Some of the initiatives included stablizing macro-economic, energy infrastructure and driving industrialization.
Speaking at the brief ceremony at the Presidential Villa which preceded the meeting of the Federal Executive Council, FEC, Buhari said that his government was determined to turn Nigeria from a consumer nation to a producing one.
“We are determined to change Nigeria from a consumer nation to a producing nation”, he explained..
In his welcome address, the Minister of Budget and National Planning, Senator Udo Udoma said that the initiative was in line with the change agenda of the government to revive the ailing economy.
“This is therefore a fulfillment to re-invigorate the economy”, he said.
In their separate remarks, the Senate President, Bukola Saraki, the Speaker of the House of Representatives, Yakubu Dogara, and the Chairman of the Nigerian Governors Forum, NGF, and Governor of Zamfara State, Abdulaziz Yari, lauded the initiative.
While pledging their supports, they urged the federal government to make the implementation of the programme sacrosanct.


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