Buhari: ERGP Will Grow Economy as We Fight Corruption, Insecurity

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L-R: Minister of Budget and National Planning, Senator Udoma Udo Udoma; Vice-President Yemi Osinbajo; President Muhammadu Buhari; Senate President  Bukola Saraki; and Speaker of the House of Representatives, Hon. Yakubu Dogara, during the formal launch of the four-year Economic Recovery and Growth Plan (ERGP) at the council chamber of the Presidential Villa, Abuja…wednesday

Omololu Ogunmade in Abuja

After months of waiting, President Muhammadu Buhari on Wednesday finally launched the four-year Economic Recovery and Growth Plan (ERGP) in Abuja, declaring that his administration would henceforth drive aggressive economic growth with the same zeal it has deployed to fight corruption and insecurity.

The plan, spanning the years 2017-2020, was launched by the president in the council chamber of the Presidential Villa ahead of the weekly Federal Executive Council (FEC) meeting.

He was joined at the launch by Vice-President Yemi Osinbajo; Senate President Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara; Chairman of the Nigerian Governors’ Forum (NGF) and Zamfara State Governor, Abdulaziz Yari; Minister of Budget and National Planning, Senator Udoma Udo Udoma; the Minister of Finance, Mrs. Kemi Adeosun; and Central Bank of Nigeria (CBN) Govermor, Mr. Godwin Emefiele, among other members of the Economic Management Team.

The president, who said he was glad to launch the plan, added that the government would deploy the same commitment it had employed to fight corruption and insecurity to improve local content and transform Nigeria from an import-dependent nation to a producing economy where the country would consume what it produces.

He also said the plan would serve as a veritable platform for the economy to thrive.

Buhari said his administration would remain committed to his electoral promise to change the way of doing things in Nigeria and consequently change Nigeria for good.

He challenged the state governors to draw inspiration from the plan to articulate economic programmes for their respective states. He also appealed to Nigerians to co-operate with the government in its drive to achieve the objectives of the plan.

He equally called on the National Assembly, the business community and the civil society organisations to embrace the plan.

Buhari, who commended the economic team under the leadership of the vice-president for developing the plan, further explained that it would improve security, tackle corruption and grow the economy.

He also listed other objectives of the plan to include agricultural revolution, infrastructure development and social interventions, stressing that the ERGP would provide the roadmap for Nigeria’s economic breakthrough.

While introducing the plan earlier, Senator Udoma said it had three cardinal objectives, namely: to restore security, fight corruption and guarantee economic recovery.

Furthermore, Udoma who described the plan as the fulfilment of Buhari’s electoral campaign promise to promote and reinvigorate the economy, added that the plan would restore economic growth, invest in Nigerians, boost a competitive economy, and build a self-reliant economy where Nigeria will consume what it produces and also export same to foreign countries.

Udoma also said the plan consisted of 60 interventions which he said would touch various spheres of the nation, make the market function better and promote discipline, integrity, social justice, national cohesion and inclusion.

Other features of the plan as listed by Udoma included stabilising the economy, expanding the economy, improving energy consumption, transportation and driving industrialisation.

He said in the bid to ensure effective implementation, a special delivery unit would be established in the presidency to monitor the implementation process with a view to ensuring that the objectives are implemented “with vigour, focus and success”.

Yari, in his remarks, described the plan as a significant landmark which provides the basis for inclusive growth and development.

He assured Nigerians that state governments would co-operate with the federal government to achieve the objectives of the plan.

Also speaking, Hon. Dogara said such an event usually gladdens the hearts of students of development economics, pointing out that the plan has set out to address all aspects of development in Nigeria.

Recalling that the plan drew inputs from relevant stakeholders across the country, he said the National Assembly was not left out of the consultations.

However, Dogara recalled that at various times in the nation’s history, good and strategic development agendas had been developed but failed at the point of implementation.

He said he was glad that a unit meant to monitor the ERGP’s implementation had been proposed to forestall failure and pledged the co-operation of the House of Representatives to ensure it is well implemented.

In the same vein, Saraki described Wednesday as a day of restoration of hope as he echoed Dogara that the proposal for the establishment of implementation unit was cheery, in view of several unimplemented goals in the past.

He also said besides the unit, everyone has a responsibility to ensure that the plan is well implemented.

He disclosed that some bills that are currently before the Senate including the bill on ease of doing business and Made-in-Nigeria goods were initiated to serve as impetus for the plan’s success.

  • Daniel Obior

    Congratulations! But it is some two years too late and the patient (Nigeria) is gasping in life support. However, it is better late than never. Time will tell if it is worth the paper it is printed on. After all, the taste of the pudding is in the eating.

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  • vincentumenyiora

    We’ve heard from both Sanusi EMIR OF Kano andProf. Pat Utomi maybe Prof. C. Soludo will oblige us to hear his own view about the ECONOMIC PLAN JUST ANNOUNCED by Buhari’s Administation! And i LISTENED TO THE DISCUSSION ON CHANNEL TV-24 by Dr. Obadiah MAILAIFIA this morning all pointing to the same observation! And i posted something earlier, that NIGERIA’s political and economic arrangement is founded on a ‘Sharecropping grounds’ propped up by yet the very obnoxious TRADITIONAL, CULTURAL detects – i. e. on that DESPOTIC cum plutocratic system! How many of your experts and advisers in particular have sat down and decided/ resolved why the Europeans pay their people better and regularly than in the BLACK COUNTRIES and they do not allow their citizens (government officials) to own or buy houses in African countries – in fact outside their territories other than in EU MEMBER COUNTIES, whereas, it is a commonplace thing for Nigerians encouraged including your leaders, to buy and maintain properties in Europe and you pay COUNCIL TAXES (it’s part demand – a ‘run’ on the CBN’s FOREX so as to meet the charges over seas; in other words taking from (rob) PETE SO AS TO PAY PAUL) ON THE properties – A BIG SHAME indeed! BY AND LARGE THE PRESIDENCY NEEDS TO HAVE A CRACK and seasoned ECONOMISTS TO WEIGH UP THE PROPOSALS AND TELL HIM WHETHER SUCH IS VIABLE OR NOT!

    Reason why I suggested in my new political leadership solution for Nigeria should aim at having such leaderships that can comprehend polices first on their own accord before they call in advisers to muddle such plans up!

    • share Idea

      My Gee, Nigeria lost the opportunity of what you are suggesting when they voted out GEJ and in place of ethnic champion. GEJ was Nigerian true and true but buccaneers sold the dummy to gullible and voted him out.

      My major worry is that anybody that arises from any political party in near future and tries to think about bettering Nigeria, the person would never be given any space even in his/her party as GEJ would be a ready-made example to cite of someone that tried for the masses, and was rejected by the gullible based on malicious propaganda and ethnicity

  • UAlloy

    I just hope and pray that this economic recovery plan will not impoverish the populace further!

  • Dinn Eferet

    I am reminded of conversations old friends and I would have about the near-superhuman skills of the so-called “Aba Boyz”, Nigeria’s foremost producers of bootlegged shoes (pun intended). Rather than thriving on an empire of bootlegging, this elusive circle of frauds could actually use its skills to make original, Nigerian-made footwear. “Nigerian-made”, how the average Nigerian cringes at the term, testament to our sorry state. But I think that every Nigerian who’s ever gone to a market in search of footwear can attest the notion that the Aba Boyz are GOOD. They’re ARTISTS. Imagine what they could do in a self-reliant economy.

    There was an entrepreneur I knew while living in Maiduguri as a child. His firm went by the name of Buba Shoes. He and his team made shoes, and by made, I mean they MADE THE HELL OUT OF SHOES. They were perhaps the best shoemakers in the entire state, but their headquarters was in the butt-crack of no-place. I haven’t been to Maiduguri in many years, and I have no idea how they’re faring now, but I can only imagine what they COULD do, in a nation, in a continent, unified in the vision of bettering itself, and appreciating itself.

    I certainly hope the EGRP is taken seriously, and works, because we need an economical revolution. The joke has long since lost its humor.

  • xto

    I still maintain that there is a “Judas” in that picture who has so much corruption charges, only loyal to and will easily defect to any party in power and cannot fight corruption. This man and his supporters need to repent of thier selfishness and greed for money before this ERGP can work. It’s a good strategy, the Ligislature may frustrate thier effort. Oh! Saraki. Allow GOD to use you and to make positive impact in Nigeria. Too much money that cannot benefit the poor around you is vanity. Just repent and consider what Nigerians have suffered.

  • vincentumenyiora

    share Idea; – THE PROBLEMS OF NIGERIA ARE MANY WE KNOW THEM and I tried to describe 9(ENCAPSULATE) them by use of the unfortunate word – ‘cacophony’ of errors and missed opportunities as well your leaders failed in all the incidents to quite comprehend what was happening and why due to that mentality – the psychology of the BLACK MAN leading YOU IN NIGERIA – EUROPEANS DON’T THINK THE SAME WAY AS WE DO; somebody should tell you this, folks! Before the amalgamation 1914 the
    ethnic fighting and killings in the NORTH IN THE 40s, political disturbances in Western Region in the 50s, which led to the first Military intervention in political affairs of NIGERIA! Then came the civil war, as they did have one in America – Nigeria’s kind was gravely mismanaged! Pre and post civil war there were loads such serious mistakes which you s-called leaders could have done something about if they had the experience or visionary!

    The leadership political and otherwise was anchored on (about) misguided ambitions; the advisers involved then did not know what they were doing then – they acted on grounds of the spur of the occasion without experience but more out of miscalculated malice and vendetta even up to the 1999 regime and no doubt it touched on GEJ’s tenure IN OFFICE! THE COMING TO OFFICE UNDER Alhaji SHEHU SHAGARI’s
    LEADERSHIP – a very modest man in character! The RETUN TO CIVILIAN ADMINISTRATION IN 1980 observer thought could have helped matters but then his tenure was short lived cut out by MILITARY INTERVENTION OF bhuhari nd idagbbon

  • vincentumenyiora

    share Idea; – THE PROBLEMS OF NIGERIA ARE MANY WE KNOW THEM and I tried to describe 9(ENCAPSULATE) them by use of the unfortunate word – ‘cacophony’ of errors and missed opportunities as well your leaders failed in all the incidents to quite comprehend what was happening and why due to that mentality – the psychology of the BLACK MAN leading YOU IN NIGERIA – EUROPEANS DON’T THINK THE SAME WAY AS WE DO; somebody should tell you this, folks! Before the amalgamation 1914 the
    ethnic fighting and killings in the NORTH IN THE 40s, political disturbances in Western Region in the 50s, which led to the first Military intervention in political affairs of NIGERIA! Then came the civil war, as they did have one in America – Nigeria’s kind was gravely mismanaged! Pre and post civil war there were loads such serious mistakes which you s-called leaders could have done something about if they had the experience or visionary!

    The leadership political and otherwise was anchored on (about) misguided ambitions; the advisers involved then did not know what they were doing then – they acted on grounds of the spur of the occasion without experience but more out of miscalculated malice and vendetta even up to the 1999 regime and no doubt it touched on GEJ’s tenure IN OFFICE! THE COMING TO OFFICE UNDER Alhaji SHEHU SHAGARI’s
    LEADERSHIP – a very modest man in character! The RETURN TO CIVILIAN ADMINISTRATION IN 1980 observer thought could have helped matters but then his tenure was short lived cut out by MILITARY INTERVENTION OF Buhari and Idiagbon
    .and they could not hold onto it that long and IBB and Sani ABACHA took them both out of office! The problems of Nigeria political and economic became exacerbated from 1986 even with the ‘indiginisation’ policy declaration meant to place/ afford sections of the Country a ‘Head start’ unwittingly! ‘Course all that gestures and ambitions we soon discovered did no help NIGERIA especially under IBB’s IMF”s Structural Adjustment Program – (SAP) The devaluation, i termed it ‘debasement’ of ‘Naira’ meant that Nigeria was going to be reeling under the effects of the programs for too long and this is where we are today in the country not able to wriggle out of the QUAGMIRE! Dr. Obadiah Mailaifia confirmed this in his Channel TV -24 discussions yesterday when he cited UNIVERSITY Lectures could not buy or repair their vehicles due to lack of spar parts in the country!

    All in all it appears to me that we just have to cling on that ‘FAITH’ hoping that; Ubangeji ze itamake mu ageli Nijeria; Bami se Oluwa jor tun Nigeria seoo; CHI ZORBA ANYI NIME NIGEIA, folks! And I HAVE SUPPLIED YET ANOTHER COMPATIBLE POLITICAL LEADERSHIP SOLUTION FOR YOU PEOPLE if you can comprehend the imports – No fees charged – no wahala – same as i did in 1993 with Option A-4 at the time of the impasse!

  • vincentumenyiora

    Share idea – in my response to your reaction to my comment it stopped short of asking you and the res of those educated in NIGERIA this question, thus: – Of all the leaders for NIGERIA old and present which one of them can you rate a good leader for the purpose of building Nation? FROM MY STAND POINT, I WILL RATE Dr Nnamdi Azikiwe the better leader if not the best for the obvious reason that he started in the WEST REGION as a politician on his return from the United State of America worked closely with Dr. Habert Macaulay to a point where the baton was handed to him to lead the NCNC – the party that traversed WESTERN Region of NIGEIA to the Cameroons until the 1950s when the BRITISH COLONIAL GOVERNMENT felt that (Dr. ZIK’s) domineering personality and character would not serve their interest and so they decided to carve out southern tip of CROSS River and merged it to Southern Cameron hence the ‘apple bit shape’ you see on SOUTHERN PART OF Map of Nigeria – that part used to be part of Nigeria and the Colonial government merged North-West Cameroon to the North SO AS TO SWELL THE SIZE OF NPC – this information is for the 30/ 40 – year olds! The problems of NIGERIA started from 1950s fueled of course by the occasional ethnic clashes between the Hausa and the Igbos in the North in the 40s! Both the political ad economic problems of Nigeria started under the Military-turned political ambitions drove the officers to politics – those that tried to be politicians they never passed through the ‘transmutation’ as they do in France and I urged them to do this for Nigeria and if they did obviously Nigeria will not be in the position you’re today – they lacked training as politicians!

    I saw this pitfall in the set up in NIGERIA and I evolved the ‘Option A-4’ in 1992 for the 1993 12th June Election. In the same manner I have set out a new political leadershIp solution which is considered should help NIGERIA better than what you have presently I have urged them to study it carefully!

  • Mystic mallam

    President Buhari is becoming the clueless one. He’s too slow to get it, that no amount of plans can achieve anything under the paralysis of the current centralised system. Nigeria is too large, too diverse for a one-size fits all economic development policy to perform. If you, Mr president love Nigeria, this is the time to restructure it to a proper federation, let me component units take responsibility for their own development while the central government coordinates common programmes and services. Sooner than many choose to believe, there’ll be no Nigeria to keep one or negotiate if it is not done with a sense of urgency.

  • vincentumenyiora

    SEE THE PART OF CORRUPTION PRESIDENT M. BUHARI IS NOT DEALING WITH YET – i. e. BRIBERY obtained by government officials from ordinary citizens in Nigeria! Therefore, his policy on corruption appears to be centered on government loots only and the government officials constitute the bulk of the problem in Nigeria about corruption! To do thorough job about corruption in/ for Nigeria PRESIDENT M. BUHARI AND HIS TEAM ON ECONOMIC GROWTH FOR NIGERIA NEED TO FIND WAYS TO GET AT INDIVIDUAL CIVIL SERVANTS TO BE ACCOUNTABLE that way you will have succeeded in purging the system and NIGERIA of Shylock’s! Surprise, surprise the book I HANDED TO BOTH Gen.. Y. GOWON and DR. Bamanga TUKUR has the solution on this aspect of the problem you then wonder why are they not doing what is recommended so as to get at the root of the problem and deal with it universally for NIGERIA OR AFTER BUHARI THESE GROUPS will re-surface and we shall be back to corruption possibly unprecedented once again! And I indicated if any of these assertions/ claims by me is false that the DSS should request for my return to be answerable to charges not before the SENATE BUT BEFORE THE Courts!

  • vincentumenyiora

    IF YOU TRY WHAT I SAID YOU’LL DISCOVER THAT SOME OF YOUR AIDES MAY BE FINGERED FOR THE ACT BY NIGERIANS UNDER THE WHISTLE BLOWER SCHEME/ POLICY AND THEIR MONIES TAKEN AS BRIBES RETURNED TO THEM AND SUCH AIDES/ CIVIL SERVANTS BE SHAMED! This is what anti-corruption exercise should look like not you do some and you leave some – do a holistic clean up and Nigerians will like it more!

  • vincentumenyiora

    To quickly remind you about what your major problem is and the cause of it ; first is lack of Industries – primary and or Secondary and second and most important was the post civil war of the IndiginiZation policy and the IMF’s Structural Programme which recommend devaluation policy in the way of ‘debasement’ of Nair both policies turned Nigeria on her Head whoever advised for the policies and you’re still reeling under the policies! I heard the CBN talk about availability or release of ‘Forex – US$ Dollar’ to Nigerians but find it difficult that the manufacturer of Tomato Puree cannot access the ‘Forex’ as he complained vehemently on Channel TV-24 in the last meeting this week! It appears the release or availability of the Forex pronounced by CBN is for school fees and hospital – I mean medical treatment over seas for Nigerians not for prospective manufacturers same experience you had for the re-capitalization policy they used it for buying properties in Europe! Nigeria – TAKU!

  • vincentumenyiora

    To avoid being blamed for not proffering solutions for the problem; I simply say that they are two solutions to the problem and that can only be surrendered if they get in touch as I complained already about the administration not acknowledging my correspondence to it!