ERGP 7% target not achievable by 2020 — Udoma

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By Emmanuel Elebeke

ABUJA—The Minister of Budget and National Planning Senator Udoma Udo Udoma has said the 7 per cent Economic Recovery   Growth Plan,   ERGP target by 2020 is no longer achievable.

Udo Udoma

The minister disclosed this yesterday  at the end of tenure briefing in Abuja.

He, however, expressed optimism that the growth target set by the administration to fully recover from recession would be accomplished in the second term of the President as plans had already been put in place to attain the set goal.

Udoma, who expressed satisfaction with the incremental growth so far recorded in the economy, attributed it to the doggedness of the economic team.

He, however,   noted that the 2 percent GDP growth recorded in the first quarter of 2019 was not acceptable to the government.

His words: “The ERGP targets of 7 percent are not likely to be achieved in 2020 but I believe it will be achieved in the President’s second term.  What we need to do when something…



Vanguard Newspaper