ERGP

AcronymDefinition
ERGPEconomic Reform and Governance Project (Nigeria)
ERGPExtended Range Guided Projectile
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The ERGP is viewed as an important marker in the build-up to the 2019 elections.
The ERGP published expert reports subject to consultation until 18 January 2012 and communications that result from the work of its subgroups on accounting and consumer protection issues.
The ERGP focuses on five areas: improving macroeconomic stability; improving competitiveness; economic growth and diversification; fostering social inclusion; and governance and security.
However, some analysts, such in FocusEconomics' latest report, have raised questions as to whether measures put forward in the ERGP will indeed see the light of day.
Tough times require bold actions," as Minister of Budget and National Planning Senator Udoma Udo Udoma explains in his preface to the ERGP, "It sets out the tough choices we have to make as a nation over the next four years (2017-2020) and provides a clear road map of strategic policy actions and enablers required to revive the ceonomy and place it on a path of sustainable growth and development.
And this cruical point was reaffirmed by President Buhari himself while formally lauching the ERGP last week in the State House, "I want to assure all Nigerians that we are approaching the solution to our economic challenges with the same will and commitment, we have demonstrated in the fight against corruption and in the fight against terrorism and militancy.
He explained that the principle on which the ERGP focus labs were designed was one that created the enabling environment for the private sector.
He expressed excitement that the ERGP focus labs is one of those targeted initiatives of the Muhammadu Buhari Administration that drives the three pillars of its medium-term plan - restoring growth, building a competitive economy and investing in our people.
The honourable Minister of Budget and National Planning informed the council that the federal government is addressing economic situation in Nigeria through the ERGP covering between 2017 and 2020.
On the update in the Economic Recovery and Growth Plan, he said that after the presentation by the Minister of Budget and National Planning on the efforts of the Federal Government, NEC agreed that states should start implementation of the ERGP without delay.
The year will, therefore, go a long way in determining the extent to which the objectives of ERGP will be achieved for the period 2017-2020.
ERGP seeks to achieve a seven per cent economic growth by 2020.