President Muhammadu Buhari on 5 April 2017, formally launched
the National Economic Recovery and Growth Plan (ERGP) for
Nigeria.
The ERGP is aimed at restoring Nigeria's economy to the path
of sustainable growth. The plan covers the years 2017 to 2020, and
targets a 7% growth rate by 2020. The ERGP also seeks to promote
self-sustenance by discouraging imports while promoting local
production and consumption. In addition, the ERGP aims to create a
business friendly environment, diversify the economy and make the
economy globally competitive.
ERGP articulates 60 interventions and initiatives that must be
pursued over the period covered to achieve the intended objectives.
It also highlights five key execution priorities to which attention
must be focused to achieve the planned growth; these are to:
