FG promises 15m Jobs and10 Gigawatt Of Electricity – Senator Udo Udoma
|Senator Udo Udoma|
“We want the manufacturing sector to grow at average of 8.5 per cent, peaking 10.6 per cent by 2020.
“We want agriculture to also grow by 6.9 per cent over the Plan period; we want self-sufficiency in rice and wheat in 2018 and 2020 at the end of the plan period.
“We want 60 per cent reduction in imports of refined petroleum products by 2018 and to become a net exporter of refined crude by 2020.
“We expect an average of 4.6 per cent average real GDP (Gross Domestic Growth) growth rate over the Plan period with 7 per cent by 2020; we want to achieve single digit inflation rate by 2020.
“We want to increase crude oil output from 2.2 million barrel per day (mbpd) to 2.5 mbpd by 2020.
“We want to achieve at 10 gigawatt of operational electricity capacity by 2020.’’
“We need to build on that momentum. This Plan, which succeeds the SIP, sets out Government’s economic programmes and strategic interventions over the next four years (2017-2020).
“When implemented, it will put Nigeria back on the path of diversified, inclusive, sustained growth. This is therefore, our blueprint for economic recovery and growth.’’
“The ease of doing business, most of the permits are given at the state level so we are working very closely with the state governments and what they will be doing is based on this plan.
“They will go down to each state and develop their own plans which will be aligned with this plan.
“Some of them already have their plan, so they just need to adjust it a bit so that it is seamless.
“So this plan, the plans of the states will be working collaboratively and closely together.”
“So, the states are part of this plan and they are very important part of the plan.“
“So our part as government is where there are constrains, we tackle them, where there are bottle necks we remove them and we want to sit down with the private sector and show them that there are opportunities in this economy.’’