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Why FG Anchors 2018 Economic Summit On Implementation Of ERGP

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Ahead of the October date for the holding of 24th edition of the Nigerian Economic Summit, the federal government has announced that this year’s edition of the summit will focus on how to accelerate progress towards implementation of government’s components of its Economic Recovery and Growth Plan (ERGP).

This year’s summit is tagged: “Poverty to Prosperity: Making Governance & Institutions Work”. It is scheduled to hold on 22 and 23 of October, 2018.

“The ultimate goal is to stimulate discussions on accelerating implementation of ERGP strategies on governance in order to enhance the social welfare of the Nigerian people,” Minister of Budget and National Planning, Udoma Udo Udoma said at a joint press briefing with leaders of the summit yesterday in Abuja.

Senator Udoma explained that it is against that backdrop that the Summit was structured along the five thematic areas of: corruption and rule of law, effective public institutions, sustainable economic opportunities, human development and participation and citizens’ right.

The Minister said discussions around the sub-themes will be driven by identified indicators most of which he said were drawn from the Ibrahim Index for African Government (IIAG), an internally acclaimed measure of good governance.

The Summit is designed to underscore the link between governance and economic growth and development as set out in the government ERGP. Beyond that, it is expected to highlight the current state of governance and the challenges in delivering public services to the citizens, so as to identify ways to overcome those challenges.

The federal government acknowledged that despite the well proclaimed levels of success in implementation of the economic plan, more work needs to be done, with a commitment to sustain implementation of policies geared towards good governance and strengthening of institutions towards the realization of the subjects of the ERGP.

In his remarks, chairman, NESG board said while remarkable strides have not been achieved in economic growth or implementation of the recommendations for the nation’s economic growth, the economy has taken some steps forward since the last 24years of holding the Summit.

Responding to a question by our reporter on evaluation of the last Summit and level of implementation of the recommendations, Udoma said “these things take some times. We just have to stay the course; stay focused. The direction of movement is positive. The ERGP is being implemented.”





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