Nigeria's macro-economy stabilising – Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said that the country’s economic situation is changing for the better as the macroeconomic environment is being stabilised and inflation rate trending downwards in the last two months.

He said government interventions, particularly in fixing the broken infrastructure, was making impact and there were positive signs that the economy was working its way out of recession this year unto a path of sustained inclusive growth and development.

The minister, who was speaking on Tuesday at the Town Hall Meeting in Abuja organised to brief Nigerians on the achievements of the Buhari Administration in the last two years, pointed out that government was making progress in changing the economy and also changing the people’s attitudes.

He was optimistic that the economy would receive further boost as government rolled out the full implementation of the Economic Recovery and Growth Plan (ERGP).

Apart from the policies and plans guiding the country’s economic trajectory, the minister indicated that several infrastructural projects were ongoing across the country and that some were nearing completion; further saying government was drastically cutting costs and improving efficiency of service delivery; and that the country was poised to attain food sufficiency in major agricultural products, particularly rice, by next year.