FG needs $245bn to implement ERGP – Udoma

The Federal Government, on Tuesday, said that it required $245.13 billion to implement the Economic Recovery and Growth Plan (ERGP) over its four-year period.
The Minister of Budget and National Planning, Udoma Udoma, stated this during his presentation on ERGP Focus Labs at the inauguration of core teams by the Vice-President, Yemi Osinbajo.
He said that the cost of implementation would be divided in a ratio of 4:1 with the private sector contributing $195.98bn, while government investment is expected to provide $49.15bn.
He also said that the plan, with five execution priorities and six priority sectors, is expected to create 15 million jobs with the aim of tackling constraints to growth.
While inaugurating the group, Vice-President Osinbajo charged the stakeholders to work as a team focused on getting new investment commitments and assisting investors through the process.
The working group comprising senior public officials from the six pilot ministries and their agencies are expected to provide sector expertise and work with the ERGP implementation unit.

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