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Federal government on Wednesday highlighted some of the plans being put in place to revamp the nation’s economy currently in recession.
Vice-President Yemi Osinbajo said an Economic Recovery Growth Plan upon which the 2017 budget was based would be launched in February, he added that the government was considering using the huge money with pension administrators to finance the nation’s infrastructure.
According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice-President spoke at different events as the head of the Nigerian delegation to the World Economic Forum holding in Davos, Switzerland.
While speaking at a Business Interaction Group on Nigeria attended by foreign investors, Osinbajo was said to have told his audience that the newly-developed Economic Recovery Growth Plan of the present administration was designed to take the country out of recession.
He added that in the long term, the plan would continue to grow the economy.
Osinbajo said the planning of the 2017 budget was based on the ERGP, adding that the plan would be formally launched next month.
He noted that the present administration was confident about the recovery of the economy.
“It is not difficult to get out of where we are if we understand why we are where we are,” he said.
Osinbajo also said the present administration was committed to investing in infrastructure development more than ever before.
Vice-President Yemi Osinbajo said an Economic Recovery Growth Plan upon which the 2017 budget was based would be launched in February, he added that the government was considering using the huge money with pension administrators to finance the nation’s infrastructure.
According to a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice-President spoke at different events as the head of the Nigerian delegation to the World Economic Forum holding in Davos, Switzerland.
While speaking at a Business Interaction Group on Nigeria attended by foreign investors, Osinbajo was said to have told his audience that the newly-developed Economic Recovery Growth Plan of the present administration was designed to take the country out of recession.
He added that in the long term, the plan would continue to grow the economy.
Osinbajo said the planning of the 2017 budget was based on the ERGP, adding that the plan would be formally launched next month.
He noted that the present administration was confident about the recovery of the economy.
“It is not difficult to get out of where we are if we understand why we are where we are,” he said.
Osinbajo also said the present administration was committed to investing in infrastructure development more than ever before.
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