By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: President Buhari to Launch New Economic Plan
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

President Buhari to Launch New Economic Plan

Farouk Mohammed
By Farouk Mohammed
Published: November 10, 2016
Share
3 Min Read
SHARE

Udoma-Udo-Udoma-Forumspotz-1-1Buhari

Nigeria’s President will inaugurate the National Economic Reconstruction and Growth plan in December, the Minister of Budget and National Planning, Senator Udo Udoma, has said.

Udoma, who disclosed this at a National Economic Retreat in Abuja on Thursday, stated that the plan is in furtherance of the Federal Government’s efforts to reposition the country towards sustainable growth.

According to the minister, the retreat is intended to provide an opportunity for stakeholders from the various sectors of the economy to consult and exchange views on the medium term economic plan for the country.

He said the economic recovery plan would be a detailed document that would bring together various plans put together by the Economic Management Team.

- Advertisement -

The various plans include the Strategic Implementation Plan from which the Medium Term Expenditure and Fiscal Strategy Paper was developed, and the Medium Term Sector Strategies (MTSS).

Udoma said as soon as the consultations with stakeholders were concluded, the economic team would receive inputs from the National Assembly.

It is also expected that other development partners will be consulted before the inauguration of the final document by the President in December.

“The whole of the economic team has been working very hard since we released the Strategic Implementation Plan (SIP).

- Advertisement -

“On the basis of SIP, we developed MTEF. We also developed MTSS for large spending ministries.

“Our intention now is to bring all these works together as part of a comprehensive medium term plan. As President Buhari has promised, this last stage will involve extensive consultations.

“It is one of a number of consultations we will have before we launch the plan.

“We shall hold consultations with the states, our development partners, and the National Assembly,” he said.

Udoma said the ministry had developed sectoral plans in five thematic areas as part of the economic recovery plan.

They are macroeconomic stability, where the focus would be on fiscal and monetary condition, low inflation, stable exchange rate and strong economic growth; economic diversification and building competitiveness in the private sector.

Others are job creation and social inclusion; governance (such as security); and human capital.

“We are emphasizing jobs and social inclusion because of the need for direct interventions to create jobs while tackling poverty and inequality,’’ he added.

The Minister of State for Petroleum, Mr Ibe Kachikwu; Minister of State for Budget and National, Mrs Zainab Ahmed; and the Deputy Governor, Economic Policy, Central Bank of Nigeria, Mrs Sarah Aladdin were some of the key personalities at the retreat.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:buhariEconomic Plan
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Lampard Reveals EPL Title Contenders This Season
Next Article PHOTOS: President Buhari Swears-in Walter Onnoghen As New Acting Chief Justice of Nigeria

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,565.00
GBP
Buy₦1,760.00
Sell₦1,790.00
EUR
Buy₦2,135.00
Sell₦2,170.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

MultiChoice Hit with ₦766.2 Million Fine Over Data Protection Breaches
News
Ezenwo Nyesom Wike
Wike Accuses Opposition Leaders of Self-Interest, Questions Their Commitment to Nigerians
Politics Top stories
Workers’ Unrest Looms as Nigeria Faces Economic and Security Crisis — NLC Issues Stark Warning
News
Rising Star Gonzalo Garcia Shares Top Scorer Spotlight at FIFA Club World Cup
Sport
Security Measures Heightened in Oyo State as Neo-Black Movement Prepares for Annual Founders’ Day
Security
- Advertisement -
Ad imageAd image

You May Also Like

Atiku Abubakar
Politics

Atiku Abubakar Pledges to Combat Electoral Fraud, Promises Socioeconomic Renewal Through ADC in 2027 Polls

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 6, 2025
InternationalTop stories

Nigeria and Brazil Forge Stronger Agricultural Ties to Boost Food Security

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 6, 2025
News

Anglican Bishop of Warri Raises Alarm Over Nigeria’s Spiraling Insecurity and Calls for Urgent Government Action

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?