APGA’s Plan for Economic Growth and Development in Nigeria: A
Panacea for National Stability Amidst Economic Woes – APGA National Chairman, Barr. Sly Ezeokenwa “Charges”! – By NDUKA ANYANWU – SA Media to the APGA National Chairman
As Nigeria navigates its current economic challenges, the All-Progressives Grand Alliance (APGA) has outlined a comprehensive plan to stimulate economic growth and development. Nigeria’s existing economic recovery strategies offer valuable insights into potential solutions.
Economic Recovery and Growth Plan (ERGP)
The Economic Recovery and Growth Plan (ERGP), a medium-term plan for 2017-2020, aims to restore economic growth and leverage ingenuity. Key objectives include:
- Restoring Macroeconomic Stability:
Promoting sustained economic growth and stabilizing monetary, fiscal, and external policies. - Job Creation: Fostering an environment conducive to job creation.
- Inflation Control: Reducing inflation to single-digit levels.
Has this actually been achieved?
This requires some further insight on the need to achieving these key objectives Medium Term National Development Plan (MTNDP) 2021-2025 Nigeria’s Medium Term National Development Plan (MTNDP) for 2021-2025 focuses on catalyzing public, private, and social sectors to boost industrialization and sustainably improve inclusive development. The plan targets:
- GDP Growth: Achieving 3.8% GDP growth, driving job creation and inclusive growth.
- Economic Competitiveness: This enhances economic healthy competition and growth.
Sectoral Reforms and Development
To mitigate inflationary growth, sectoral development and reforms are crucial. Key areas of focus include:
- Ongoing Reforms: Sustaining policy reforms to drive growth.
- Oil Production Recovery: Leveraging recovering oil production.
- Economic Pressures Management: Addressing elevated economic pressures.
APGA’s Potential Strategies
While APGA’s specific plan is not publicly available, potential strategies may include:
- Investing in Infrastructure: Developing critical infrastructure to stimulate economic growth.
- Promoting Private Sector Growth: Encouraging private sector participation and investment.
- Human Capital Development: Fostering education and skills development.
By adopting a multi-faceted approach, addressing economic woes, and promoting national stability, APGA’s plan can potentially pave the way for Nigeria’s economic resurgence.
APGA, the emergence of a neo-political party for equity justices and fairness –
profoundly known with the philosophy of hospitality, love and acceptance! “– BE YOUR BROTHERS’ KEEPER”
Note: This brief article is written on behalf of Barrister Sly Ezeokenwa, the APGA National Chairman
