Investor Presentaiton
Comprehensive Plan to Support Recovery and Growth
The Government has consolidated its economic initiatives into a single comprehensive and robust plan -
Recovery and Growth Plan (ERGP).
-
ERGP Focuses on Five Strategic Areas
Macroeconomic
Policy
•
Focus on macroeconomic
stability
⚫ Liberalize exchange rate
• Ensure fiscal sustainability
• Increase efficiency
• Improve revenue collection
•
•
Economic Diversification
and Growth Drivers
Move towards self-sufficiency in
food production
Made in Nigeria campaign &
Special Economic Zones
• Investment promotion Initiatives
ERGP Focus Labs
Competitiveness
• Investing in infrastructure
• Improving the Nigerian
business environment
• Promoting digital-led
growth
Single-digit (9.9%)
inflation
Restore & increase
crude output to
2.5mbpd
Undeterred Focus on 2020 Goals
Average GDP growth I
of 4.6%
Reduce
unemployment to
11.2%
.
•
the Economic
Social Inclusion
and Jobs
Increase social inclusion
Job creation and youth
empowerment
Human capital development
•
Governance and
Other Enablers
Win the Peace
• Respect of property rights
.
Adherence of transparency
and accountability rules for
government spending and
procurement
I
Average annual
| agriculture growth of
6.9%
Sources: Budget Office of the Federation, Ministry of Budget and National Planning. ERGP, National Bureau of Statistics, ERGP, CBN, World Bank.
5
Nigeria in Context
Attain 10GW of
| operational energy
capacity
Average annual
manufacturing
growth of 8.5%View entire presentation