Nigeria’s economy will be better in 2018, says Udoma


udomaBy Desola Albert,

Senator Udoma Udo Udoma, the minister of budget and national planning, has assured Nigerians that the economy would be better in 2018.

Udoma gave the assurance in Lagos at an economic forum organised by the Redeemed Christian Church of God, Kings Court Paris,  on Sunday.

Udoma said the economy would significantly be better in 2018 going by the consistent positive trend of key indicators since the country emerged from recession in the second quarter of 2017 as well as the international and local rating agencies that also maintain that the economy would grow rapidly in the year.

He added that the growth would create better opportunites for investment in areas such as agriculture and agro-processing, industry, mining, construction and services.

Udoma also assured that the federal government would continue to sustain the implementation of the Economic Recovery and Growth Plan (ERGP).

Udoma said the ERGP was designed to tackle the constraints to growth, leverage the power of the private sector, promote national cohesion and social inclusion, allow markets to function among others.

“The government is determined to lead in that effort. I appeal to the private sector to respond to the various initiatives which the government has been rolling out. There is no doubt that more work needs to be done and we all must work to together to achieve sustainable results,” Udoma said.


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