Osinbajo Launches Initiative To Boost Agriculture, Power, Others
How to keep the economy on its feet and churn out jobs is the headache of the President Muhammadu Buhari-led government.
The team has been implementing several measures to achieve the desired results. Part of which was the introduction of the Economic and Growth Recovery Plan, ERGP in 2017.
On Tuesday, the government took the initiative further to launch what it calls ERGP Focus Laboratories on power, agriculture and manufacturing to fast track economic growth.
Vice President Yemi Osinbajo launched the ERGP Focus Laboratories in Abuja on Tuesday.
Prof. Osinbajo said the newly inaugurated Focus Labs would further boost economic growth and ensure that Nigeria continues its journey of building a competitive economy.
“The labs will operate by bringing together all private and public-sector officials to achieve the ERGP’s objective of reaching 7% economic growth by 2020.
“The Focus Labs are being conducted in three selected areas to accelerate investment and job creation.
“These specific areas are agriculture and transport, manufacturing and processing and finally power and gas sector,” he said.
Osinbajo explained that the laboratory groups are meant to bring private/public sector participants and potential investors together to think through the implementation of the specific areas of focus.
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