Government Targets Investments in Economic Sector

Minister of Budget and National Planning, Udoma Udoma

Enterprise Television- Government Targets Investments in Economic Sector

The Federal Ministry of Budget and National Planning has stated that the federal government is seeking both local and foreign direct investment (FDI) to drive the Economic Recovery and Growth Plan (ERGP), in the Country.

The Minister, Budget and National Planning, Senator. Udoma Udo Udoma, said the federal government’s target is to attract an investment commitment of $25 billion (N7.6 trillion).

According to him, the top execution priorities of the ERGP is to stabilise the macroeconomic environment through aligned monetary trade and fiscal policies, accelerate non oil revenue generation, deliver on agricultural transformation, ensure energy sufficiency in power and petroleum products, improve transportation Infrastructure and drive industrialisation focusing on Small and Medium Enterprises (SMEs).

Udo Udoma noted that over 100 private sector companies have indicated interest to drive the ERGP, maintaining that the sensitization forum is to get more interest to drive the federal government’s economic growth plan agenda.

However, the Focus Labs is to bring to the table, both the public and private sector operators for the purpose of identifying specific challenges in the business environment and proffer immediate and practical solutions in the sector.