FG targets 7% GDP growth by 2020

The Minister of Finance, Mrs. Kemi Adeosun, yesterday, disclosed that the country’s economic outlook for 2018 and beyond was positive.

She stated that the country was now resilient after exiting recession and had the potential to achieve a seven per cent economic growth in the next two to three years.

A statement from Oluyinka Akintunde, Special Adviser, Media, to the minister stated.

The minister gave this assurance at the fourth Ogun State Investors Forum attended by the Vice President, Prof. Yemi Osinbajo; Ogun State Governor, Senator Ibikunle Amosun; former President of Mexico, Mr. Felipe Calderone, and eminent persons and captains of industries.

Adeosun disclosed that the current administration had succeeded in building macroeconomic resilience for the country, particularly revising the funding mix, rebuilding fiscal buffers, enhancing foreign exchange reserves and focusing on import substitution strategies.

She said, “President Muhammadu Buhari has laid the foundation for the repositioning of the economy with a series of reforms which are being sequenced to ensure maximum impact and benefits to Nigeria and the citizens. “

The country exited recession with a growth of 0.72 per cent, which was further consolidated with growths of 1.40 per cent and 1.92 per cent in the third and fourth quarters of last year, respectively.