The Minister of Budget and National Planning, Senator Udo Udoma, says that the newly launched Economic Recovery and Growth Plan would not be abandoned like previous programmes as its implementation would be driven by a task force to be constituted by the Federal Government.
Speaking on the strategies for the implementation of the plan, Udoma said the task force would be executing the priority areas of the plan.
He said focus will be on agriculture and food security; energy, transportation infrastructure; and industrialization.
The ERGP, is targeting a real Gross Domestic Product of N81.38tn, that is $3.3 billion USD increase in Value Added Tax rate on luxury items from five per cent to 15 per cent; single digit inflation rate of 9.9 per cent by 2020; and a free float of the naira in the foreign exchange market
