From Juliana Taiwo-Obalonye, Abuja

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President Muhammadu Buhari will launche the Economic Recovery and Growth Plan (ERGP) 2017-2020. The Nigeria’s government had last month released its economic growth and recovery plan with which it plans to bring the economy out of recession after postponing its release several times. The growth plan which targets to restore the economy through sustained growth between 2017 to 2020, seeks to grossly reduce inflation rate from an all-time high of 19 percent to a single digit. It also targets to restore growth by ensuring the Gross Domestic Product (GDP) improves significantly to 2.19 percent in 2017, and seven per cent at the end of 2020 especially through agriculture. The new plan also aims to boost the power situation in Nigeria with 10 GW of operational capacity by 2020 as well improve the energy mix, including through greater use of renewable energy. It also projects that the country will become a net exporter of refined petroleum products by 2020, amongst other things. ‎In a statement by the Special Adviser on Media and Publicity, Femi Adesina, the lunch is furtherance of Buhari administration’s drive to sustain and build on the successes so far recorded in tackling corruption, improving security and re-revamping the economy. The launch will take place in the Council Chambers of the Presidential Villa, at 11 am before the commencement of the weekly Federal Executive Council meeting. Adesina said, “The Medium-Term ERGP, which had earlier been approved by the Federal Executive Council (FEC), has amongst its broad strategic objectives, restoring sustainable, accelerated inclusive growth and development; investing in the people; and building a globally competitive economy.”