We are already moving out of recession – Udoma

The Minister of Budget and National Planning, Senator Udo Udoma has said the country is already moving out of economic recession.

Udoma stated this in Abuja while inaugurating the Joint Planning Committee for the 23rd Nigerian Economic Summit.

He said as the country is already on its way out of economic recession, the current efforts of the Federal Government is on how to build the current momentum of this growth trajectory.

He said, “The 23rd Nigerian Economic Summit is coming at a time when the national debate is no longer about how to get out of recession-we are already moving in that direction with the adoption of the ERGP.

“Focus will therefore be on specific sectors such as infrastructure, manufacturing, renewable energy, housing, agribusiness,creative industries,retail trade and digitalisation.

“The summit will essentially be used to see how we can intensify efforts to implement the ERGP to create opportunities,tackle unemployment and improve productivity in Nigeria.”

Udoma added that the summit would be used to get stakeholders’ commitments toward a private sector led investment approach as set out in the ERGP.

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