Skip to main content

Nigerian government reacts to Bill Gates’ comment on Buhari’s economy

The Federal Government has said that Nigerians misunderstood comments made by Microsoft founder, Bill Gates, that President Muhammadu Buhari’s Economic Recovery Growth plan (ERGP) does not address the needs of the citizens.
The government said Gates’ comments depicted that human capital development should have been explicitly indicated as part of the execution priorities of the ERGP.
It said the comment is not the same as saying that the ERGP does not address human capital development or that Mr. Gates faulted Nigeria’s economic plans as some newspapers have put it.
The Federal Government’s reaction was contained in a statement signed by the Special Adviser on media to the Minister of Budget and National Planning, Akpandem James, the Minister, Senator Udoma Udo Udoma.
The government stressed that the ERGP rests on the three pillars of: restoring growth, investing in the Nigerian people and building a competitive economy.
Udoma said, “The pillar of ‘investing in the Nigerian people’ is nothing other than human capital development consisting as it does of education, health and social investments, and a whole chapter of the ERGP is devoted to this important pillar.
“The ERGP sets out 60 strategies cutting across all sectors of the economy. Indeed, over one quarter of them (strategies 31 to 47) fall into the category of Investing in the Nigerian people.
“The execution priorities of the ERGP are restoring macroeconomic balance, achieving agriculture and food security, ensuring energy sufficiency in power and petroleum products, improving transportation infrastructure and driving industrialization through SMEs.
“These interventions were chosen because of their potential for fast-tracking economic recovery and expected contribution of the private sector to accelerating growth, which is one of the key principles of the ERGP. In other words, the execution priorities are catalysts for implementing all the strategies in the ERGP.
“These priority areas have cross-cutting potentials which are all focused towards empowering the people through creating jobs and improving their general conditions.
“In other words, all the areas indicated are underpinned by the emphasis on investing in the people. Every single one of the execution priorities has the people at the centre,” the Minister explained
He added that, “For instance, capital allocations to education, including Universal Basic Education (UBEC), in the 2015 Budget was N91.903 billion, but the allocation was increased to N112.543 billion in 2016; N152 billion in 2017 and N170.79 billion is proposed for 2018 budget.
“in the health sector, while N22.676 billion was provided in the 2015 budget for Capital expenditure, N28.65 billion was provided in the 2016 budget; N55.61 billion in 2017; and N71.11 billion in the 2018 budget proposal.”

Comments

Post a Comment

Popular posts from this blog

5 BEST WAYS TO START SUCCESSFUL POULTRY FARM IN NIGERIA.

Poultry farming can be seen as the process of keeping and raising different kinds of birds such as ducks, chickens, turkey, geese, etc, for the main purpose of selling them when they're grown or for their eggs or meat.  Poultry farm have become a crucial part of Nigeria's economy both in food production and otherwise.  Poultry farming is one of the lucrative agricultural business in Nigeria today both for the meat and the eggs. Poultry farming doesn't require a lot of money to start except you want to start it big. But just in a one room and with few chickens, you can start a poultry farm. How do you start a poultry farm? Nowadays, in Nigeria and outside Nigeria, there is a high demand for the products of a poultry farm, for example, egg is considered a high standard commodity both in rural and urban areas. Nigeria boost as the highest egg producing country in Africa followed by South Africa.  Before you start a poultry farm, you should be prepared with all its equipments...
Post a Comment
Read more

UNIBEN STUDENT PROTEST.........

UNIBEN students protest the death of classmate allegedly knocked down by military van ‎ On Sunday morning July 19th, Rita Awele (pictured above) was tragically hit & killed (allegedly) by a military patrol van along the Lagos-Benin Expressway. The 18 year old 200 level Philosophy student was either going to or returning from church when she was knocked down and killed. The driver didn't even stop. Another person who was knocked down by the van is still in hospital Students of the school this morning blocked vehicular movement on the Lagos-Benin road, protesting her death. They are asking for speed bumps or flyovers to be mounted in front of the school gate. "The school is located along Lagos-Benin expressway and this is a major problem for students staying off campus trying to get into the school as cars, buses, trucks and trailers are always on high speed plying that route. A pedestrian bridge was there before but it was taken down during the reconstruction of ...
Post a Comment
Read more

HOW TO BUILD YOUR POLITICAL EMPIRE

Politics have become a gold mine in Nigeria today. Once you're into any political office, be it a commissioner or a local government chairman, you should be seeing enough money to keep you very comfortable.  Be that as ut may, political career takes time to build and more especially, the right connection and network of people.  Starting your political career in Nigeria will require you to have passion and be interested in all the political activities in you community. Nowadays, not only the big boys do politics, ladies and women have also taken the stage in political offices. So don't worry about your gender, the political offices is for both gender. But you will have to earn it by struggle. In this article, I will widen your knowledge on how you can become a successful politician in Nigeria and also make you wards successful through the same field. Start Early To play the game of politics, you will need the experience you've gotten from secondary schools to university. Vye...
Post a Comment
Read more