Transcription of ECONOMIC RECOVERY GROWTH PLAN
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ECONOMIC RECOVERY GROWTH PLAN
1 FEDERAL REPUBLIC OF NIGERIA ECONOMIC RECOVERY & GROWTH PLAN 2017-2020 Ministry of Budget & National Planning FEBRUARY, 2017 2 CONTENTS GLOSSARY .. 5 LIST OF FIGURES, TABLES AND BOXES .. 8 EXECUTIVE SUMMARY .. 10 Introduction .. 10 ERGP s New Approach .. 10 Broad Objectives of the Plan .. 12 Macroeconomic Framework .. 16 Outlook for the Plan .. 19 1 INTRODUCTION .. 21 Rationale for the ECONOMIC RECOVERY and GROWTH Plan .. 22 Governing Principles of the ERGP .. 25 ERGP s New Approach .. 26 The Vision and Strategic Objectives of the ERGP .. 27 2 RESTORING GROWTH MACROECONOMIC STABILITY .. 33 Macroeconomic Objectives .. 33 Macroeconomic Framework .. 34 The Real Sector .. 37 Fiscal 40 Monetary Policy .. 47 External sector .. 49 3 RESTORING GROWTH ECONOMIC DIVERSIFICATION .. 52 Six priority sectors .. 54 GROWTH policy enablers .. 70 4 BUILDING A COMPETITIVE ECONOMY .. 73 Infrastructure .. 73 Business environment .. 80 5 INVESTING IN OUR PEOPLE.
1 FEDERAL REPUBLIC OF NIGERIA ECONOMIC RECOVERY & GROWTH PLAN 2017-2020 Ministry of Budget & National Planning FEBRUARY, 2017
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