Udoma said in his preliminary remarks at the ongoing #NES23 that the present administration is committed in actualising the ERGP which targets a 7 percent economic growth rate by 2020.
”The government will work closely with the Private sector to achieve faster economic development and even attract more capital into the economy. Government is much more aware of the kind of impact the private sector has toward improving Nigeria’s infrastructure. A great number of initiatives by the government in providing roads and rail infrastructure is key,” he said.
Udoma pointed out that the federal government is determined – while working closely with the legislators – towards ensuring that the yearly annual budget is driven by the ERGP.
He further urged the captains of industries to contribute towards effective implementation of the ERGP and to deliver jobs to teeming unemployed youths and for wealth creation.
He noted that the federal government will work closely with the Private sector towards reviewing and strengthening implementation of the ERGP.
Udoma remarked that Nigeria’s exit from recession on 0.55 % of the Gross Domestic Product, (GDP)after five consecutive quarters has also unfolded more need for the government to work more closely with the Private sector in continuing on the path of economic growth.
“From the figures released by the National Bureau of statistics, NBS, it is clear that private sector confident is clearly having huge impact on the economy. The confidence is coming back, and we must continue on that trajectory” he adds.
