The Minister of Budget & National Planning Udo Udoma announced after the Federal Executive Council Meeting that the Federal Government has approved the hiring of an external consultant to conduct a study that will aid the implementation of the Economic Growth & Recovery Plan that was developed by the government in November 2016.
The Minister of Budget & National Planning disclosed this to State House Correspondents at the end of a meeting of the National Council chaired by the Vice President, Yemi Osinbajo at the Presidential Villa Abuja
The cost to tax payers is ₦458m. He said the Consultant will identify stakeholders in Private & Public Sector necessary to implement the Economic Growth & Recovery Plan (EGRP)
In the 20th of November 2017 the National Bureau of Statistics announced that the Nigerian Economy grew in the third quarter to 1.4%. In the first quarter it was -0.6% which placed Nigeria in a technical recession, in the second quarter it moved to 0.6% as a result of increase in Oil prices, non oil exports, stabilization of the foreign exchange market and increase in the foreign direct investments.