The Minister, Federal Ministry of Budget and Planning, Senator Udo Udoma, has highlighted the gains of the ERGP in the various sectors of the economy, saying government was committed to the implementation of the various strategies set out in the plan, to address government five priorities areas of Macroeconomic Stabilization, Agriculture and Food Security, Transportation, Energy and Industrialization.
Senator Udoma gave this submission at the end of the 17th Joint Planning Board and National Council on Development Planning meeting in Abeokuta, the State Capital, stating the gains to include; increase in power generation, advanced transportation system, social intervention programmes, quality healthcare service and improvement in the education sector.
He pointed out that, the initiatives outlined in the ERGP had been included into the national annual budgets, with zero-based budgeting systems, to achieve its development focus.
According to him, “the ERGP is yielding some positive results. Not only is Nigeria out of recession, the country is beginning to grow again, particularly in the non-oil sector. The latest National Board of Statistics (NBS) numbers revealed that the non-oil sector grew by 2.05 percent, in the second quarter of 2018’’.
Udoma said the likes of Late Chief Obafemi Awolowo, Earnest Shonekan, Late Chief MKO Abiola, Late Mrs. Olufunmilayo Ransome Kuti, who were indigenes of Ogun State, played vital roles in the development of the economy, which has made the State a force to be reckoned with.
The host Governor, Senator Ibikunle Amosun, appreciated the Federal Government, for charting a course that brought the nation’s economy out of recession, adding that the initiative must be sustained and built upon.
“We must continue to deepen the conversation on development across all tiers of government, the new ERGP vision of the Federal Government is not only to restore the economic growth but also to invest in Nigerians and build a globally competitive economy”, Amosun stated.
Amosun pointed out that the State is currently one of the best five in Nigeria, in terms of funding and capacity development, thereby making it the capital industrial hub of Nigeria, calling on relevant stakeholders to play their roles effectively in moving the nation forward.
Earlier in her welcome address, the State Commissioner for Budget and Planning, Ms Adenrele Adesina, urged participants at the meeting not to rest on their oars, as diversification and deepening of economic growth was vital and achievable through hard work.
The 3-day event had Minister of Labour and Employment, Dr. Chris Ngige, Commissioners, Permanent Secretaries, Directors of Planning from Ministries of Budget and Planning drawn from the 36 States of the federation, as well as other stakeholders from private and public sectors.