Nigeria pathway economic recovery enang

You're referring to the "Nigeria's Pathway to Economic Recovery" document presented by the Minister of Budget and National Planning, Senator Udoma Udo Udoma, in 2017. The document outlines the government's plan to stimulate economic growth and recovery in Nigeria.

Here are some key points from the document:

Short-term measures (2017-2018)

  1. Fiscal consolidation: Reduce government expenditure to reduce fiscal deficit and improve fiscal sustainability.
  2. Monetary policy: Implement monetary policy measures to stabilize the naira and reduce inflation.
  3. Structural reforms: Implement structural reforms to improve the business environment, increase competitiveness, and promote private sector growth.
  4. Investment in infrastructure: Invest in critical infrastructure such as power, transportation, and agriculture to stimulate economic growth.

Medium-term measures (2019-2022)

  1. Diversification of the economy: Diversify the economy by promoting non-oil sectors such as manufacturing, agriculture, and services.
  2. Investment in human capital: Invest in human capital development through education and healthcare to improve productivity and competitiveness.
  3. Promotion of small and medium-scale enterprises (SMEs): Promote SMEs through access to finance, training, and mentorship to increase their contribution to GDP.
  4. Investment in infrastructure: Continue to invest in critical infrastructure to support economic growth and development.

Long-term measures (2023 and beyond)

  1. Sustainable economic growth: Achieve sustainable economic growth through a combination of fiscal discipline, monetary policy, and structural reforms.
  2. Inclusive growth: Promote inclusive growth by reducing poverty, inequality, and unemployment.
  3. Investment in research and development: Invest in research and development to promote innovation and entrepreneurship.
  4. Regional integration: Promote regional integration through trade agreements and infrastructure development to increase economic cooperation and growth.

The document also highlights the importance of implementing these measures in a coordinated and sustainable manner to achieve economic recovery and growth in Nigeria.