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FG economic recovery plan ‘ll end recession – Kwara ICEN

Posted by on Apr 6th, 2017 and filed under Business, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

With Matthew Denis

The Kwara State Institute of Chartered Economists of Nigeria (ICEN) has lauded the move by President Buhari in settings up economic recovery team.

Speaking to Pilot Business on Wednesday, the state Deputy Registrar of the Institute, Mr. Dare Olalekan noted that the economic recovery initiative of the state government will put to an end recession and poverty among Nigerians.

According to him, the country’s economy is gradually stabilising with the appreciation of the naira against dollar.

He, however, said that the solution to Nigeria’s economic problem is not just setting up committees, but implementation of strategies, adding that, there are many committees and programmes that are lying fallow.

“We still need to be optimistic that government will formulate policies that will completely eliminate recession and this can be achieved by involving experts and stakeholders in the economic sector.

Olalekan stressed that it is pertinent to tap into  the country’s natural resources, the non-oil sectors like agriculture, forestry and timber activities, mining and steel sector to lift Nigeria out of recession.

Earlier, President Muhammadu Buhari had launched the Economic Recovery and Growth Plan 2017 -2020.

According to a statement on Tuesday by the Special Adviser to the President on Media and Publicity, Mr . Femi Adesina , the launching is in furtherance of the current administration ‘s drive to sustain and build on the successes so far recorded in tackling corruption , improving security and re -revamping the economy .

“The Medium- Term ERGP, which had earlier been approved by the Federal Executive Council has amongst its broad strategic objectives, restoring sustainable, accelerated inclusive growth and development; investing in the people; and building a globally competitive economy ,” the presidential spokesman added.

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