Vice President Yemi Osinbajo has launched the Economic and Growth Recovery Plan, ERGP Focus Laboratories on power, agriculture and manufacturing to fast track economic growth.
Osinbajo said in Abuja on Tuesday that the newly inaugurated Focus Labs would further boost economic growth and ensure that Nigeria continued its journey of building a competitive economy.
He explained that the laboratory groups were meant to bring private/public sector participants and potential investors together to think through the implementation of the specific areas of focus.
On his part Minister of Budget and National Planning, Udo Udoma said that the government is far from achieving the targets captured in the ERGP.
Udoma said the government planned to improve power generation and its operational capacity to 10 Gigawatts by 2020, but two years to the deadline, it had only succeeded in generating 4 Gigawatts.