The Minister of Budget and National Planning, Sen. Udoma Udo Udoma

By Oladipupo Mojeed

The Minister of Budget and National Planning, Udoma Udo Udoma, says the 4.8 per cent Gross Domestic Product (GDP) growth targeted in Economic Recovery and Growth Plan (ERGP) for 2018 is achievable.

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He stated this in a statement issued by his Media Adviser, James Akpandem, on Sunday.

The minister gave the assurance at the Consultative Forum with Civil Society Organisations (CSOs), Private Sector Operators (PSO), and other members of the public in Lagos.

The aim of the forum was to present draft proposals for the Medium Term Fiscal Framework/Fiscal Strategy Paper (MTFF/FSP) 2018-2020 to the stakeholders for suggestions and inputs.

The inputs from the stakeholders would be considered for inclusion in the final Medium Term Expenditure Framework (MTEF), which would serve as the basis for the 2018 Budget.

Udoma, who said it may be very challenging to achieve the target GDP growth rate of 4.8 per cent set out in the ERGP for 2018, added that “it will be achieved if we are able to attract a high enough amount of private sector investment to drive economic growth.

“It is for this reason that government is putting a lot of effort and emphasis on making it easier for business to be transacted in the country.

“The good news is that there are presently many positive indicators in many sectors of the economy, which shows that we are moving in the right direction.

“They are indicators that we are moving in right direction and that the strategies set out in the ERGP are the right strategies.