Minister of Budget and National Planning, Udoma Udo Udoma has said that the Federal Government is making good progress in its efforts to revive and resuscitate the economy.
The minister, who admitted that the economy is not yet sufficiently diversified, called on all the stakeholders to work together to achieve a new Nigeria, stressing the need for Nigeria to reduce its dependence on crude oil for earnings.
Udoma stated this in his keynote address at the 42nd yearly conference of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN).
He said if the citizens consistently and faithfully continue with the implementation of the Economic Recovery and Growth Plan (ERGP), Nigeria would become an economic production powerhouse.
He said: “We will be able to feed ourselves and have extra for export. We will be able to manufacture many of our basic requirements. We will be able to grow our non-oil exports to overtake our oil exports in value. We have been implementing the ERGP for only 18 months.
“If we stay the course and continue implementing the programme in a focused and consistent manner, we will surely have the Nigeria of our dreams where we grow what we eat, consume what we make and produce what we use.”
Similarly, the conference chairman, Olusegun Osunkeye, who called for a desperate need to diversify to move the country towards a resilient economy, said Nigeria needs a 10-year development plan that would be reviewed every five years, irrespective of which party is in power or government.
Earlier, the President and Chairman of Council, ICSAN, Samuel Kolawole called on political parties and the present administration to ensure that the diversification agenda is sustained.
On the theme of the conference, ‘Exploring the Diversification Agenda Towards the Emergence of a Resilient Economy’, Kolawole noted that the theme was apt considering the challenges Nigeria is grappling with and the need to development strategies that are aimed at creating economic prosperity amongst Nigerians.