FG screens 240 projects for ERGP focus labs


President Buhari at the launch of the ERGP labs in Abuja

By Cecilia Ologunagba

The Federal Government has so far screened 240 projects for the Economic Recovery and Growth Plan (ERGP) focus laboratories, Sen. Udoma Udo Udoma, the Minister of Budget and National Planning said today.

Udoma disclosed this at the inauguration of the focus labs by President Muhammadu Buhari.

The minister said the government was targeting to mobilise at least $25 billion or its Naira equivalent in private investments through the labs.

“Many have asked whether we are not being too ambitious in targeting $25 billion. My answer is that we have no choice.

President Buhari arrives the launch with VP Osinbajo and Senator Udoma Udo Udoma

“We actually need multiples of $25 billion, or its equivalent in Naira of new investments to create enough jobs to address the high unemployment rate in the country.

“So, we will not stop after the first set of labs. After this first set of labs, we will hold more…

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