Buhari launches ERGP Focus Labs

President Muhammadu Buhari on Tuesday launched the Focus Labs for the administration’s Economic Recovery and Growth Plan (ERGP).

The President said the focus labs are part of the strategies being put in place to ensure implementation of the ERGP.

He also pointed out that labs have been successfully used in other countries to boost their economies.

He said: “Many will recall that almost a year ago, I made a promise that this administration would be committed to full implementation of the ERGP.

“The Labs we are flagging off today constitute one of the many strategies this administration is taking to ensure that the Economic Recovery and Growth Plan is effectively implemented.”

The President listed the key goals of the ERGP to include achieving sustainable, diversified and inclusive growth, becoming self-sufficient in basic commodities to curtail food imports, diversifying economic base from crude oil, empowering local businesses to create thousands of jobs and improving the general wellbeing of the people.

Stressing that focus labs have been successfully used in other countries, he added: “The Labs in Nigeria are designed as closed-door investment platforms to identify and accelerate high-impact projects with significant impact on Gross Domestic Product (GDP) and job creation.

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