News | Jobs | Classifieds | SMS | Forum | Connect
Complete Bulk SMS Reseller Website for N16,000 ONLY!



News  »  Economy


Economic recovery’ll be driven by technology, innovation –Udoma

Nigerian News Update » Nigerian Newspapers
Punch Newspaper
The Minister of Budget and National Planning, Udo Udoma, has said the Economic Recovery and Growth Plan will be driven by science, technology and innovation targeted at the youths.

Udoma stated this while receiving the Country Representative of the United Nations International Children Education Fund, Mr. Mohammed Malick, in Abuja.

A statement from his Media Adviser, Mr. Akpandem James, said government was working strategically to address the economic challenges of the country with appropriate attention focused on young people, who he described as the source of the country’s economic strength.

He said the ERGP, the country’s medium-term plan, was tailored in such a way that it would be driven largely by ideas and innovation, areas where the young people had comparative advantage, particularly in high-tech perspectives that would urgently transform the economy.

The minister was quoted to have told the UNICEF delegation that the Federal Government was ever ready to collaborate with development agencies who were in the country to assist in beneficial development programmes.

He stressed the importance of financial assistance, adding that as important as funding was in executing programmes, it was not sufficient without ideas and technical assistance to guide spending.

He added that funding, technical support and good policies were the ingredients required for successful accomplishment of projects.

While acknowledging the UNICEF’s assistance efforts, particularly in the areas of health, water, sanitation and youth development, Udoma urged the organisation to always collaborate with his ministry in its project plans.

This, he noted, would help to avoid overlaps with the efforts of other multilateral agencies and donor partners; and duplication of provisions in the country’s development plans.

The minister explained that the growth plan which had been concluded was expected to deliver on five key outcomes.

They are stable macroeconomic environment, agricultural transformation and food security, sufficiency in energy (power and petroleum products), improved transportation infrastructure and industrialisation focusing on Small and Medium-Scale Enterprises.

The plan envisages that by 2020, Nigeria would have made significant progress towards achieving structural economic change with a more diversified and inclusive economy.

Malick was quoted as saying that the organisation would continue to engage with the government on technical issues as well as make available experiences from different parts of the world towards tackling challenges.
Be the first to comment:
Male: Female:
Get a Website for your Business at N20k Only! Domain Registration and Web Hosting, absolutely Free! Click here to send your Website Content or Whatsapp 08160266850 for any enquiry.
You might also like:
Spotify builds streaming lead at 60 million subscribers

Spotify said Monday that it had 60 million paying subscribers, expanding its lead in the fast-growing world of music streaming. The Swedish company...

In Kenya, the dead come back to vote – KNCHR

Elections in Kenya are a fraught business, with polls beset with claims of rigging and intimidation, some subtle, some not, and this year’s vote on...

Israelis conduct special training for 450 NAF operatives

The Nigerian Air Force says it has commenced the training of 450 “carefully selected” regiment personnel as Special Forces. NAF Director of...