Mr Sani Yakubu, Senior Special Assistant to President Muhammadu Buhari disclosed at the opening of the 9th meeting of the National Council on Industry Trade and Investment organised by the Federal Ministry of Industry,Trade and Investment held at Giginya Coral Hotel,Sokoto.
He said the implementation of the plan was built on multi-stakeholder strategic engagement especially with the private sector.
According to him, state governments will gain much by aligning their resources through effective utilisation plans in line with the national economic plan.
“The ERGP is Nigeria’s home grown 4 year medium term development plan which captures 2017-2020 toward driving a responsive economic recovery and ensure sustained and inclusive growth building a globally competitive and diversified Nigerian economy and investing in the people-the nation’s biggest assets base “,Yakubu pointed out.
The Senior Special Assistant further noted that the ERGP has evolved sixty strategies to stimulate the nation’s economy growth at an estimated annual growth of 8.5% in manufacturing which is a departure from a negative growth of -5.8% in 2016 to 10.6% in 2020.
Yakubu however said state governments can leverage information,data,feasibilities and business plans prepared at very high levels of competencies to achieving a desired objective of the plan.
He said that the plan specifically targets crowding in private sector capital as government’s budget comes under continuous pressure from an increasing long list of vital things to do is the need to draw in the domestic and multinational private sector investments.