The Federal Government has unveiled a document it tags the Economic Recovery and Growth Plan (ERGP).

The Minister of Budget and National Planning, Udoma Udo Udoma, has presented the document to the National Economic Council.

The minister listed the three “strategic objectives” of the Plan as restoring growth, investing in people and building a competitive economy.

He said the Plan, as a short-term option, sought such home-grown actions as identifying revenue sources to plug fiscal deficit and boost reserves as well as implementing bold structural reforms in the areas of power, road, railways, public service reform and competitiveness.

The minister added that the Plan also sought to project a 6-7 percent Gross Domestic Product growth and recovery by 2020.
Daily Trust