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Nigeria’s exit from recession shows economic plan working – FG

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Osinbajo

The federal government has said that Nigeria’s exit from recession shows that this administration’s Economic Sustainability Plan (ESP) is working.

In a statement released by Laolu Akande, spokesperson for Vice President Yemi Osinbajo, Nigerians were told to expect more as the implementation of the plan is gathering greater momentum.

The Presidency said in the statement that right from the Q3 2020, the economy was already on a rebound and the latest fourth-quarter figures show that the recovery of the Nigerian economy is a steady one.

Akande further revealed that the Economic Sustainability Plan is entering into an even more potent phase with the revving up of plans to install 5 million solar installations across the country and the social mass housing plan that will result in hundreds of thousands of affordable houses for ordinary Nigerians. Both aspects, he noted, will yield several hundreds of jobs besides giving the national economy a significant spur like never before.

The statement read;

“Like we explained late last year after the release of the third-quarter figures, the Economic Sustainability Plan, which was a calculated intervention by the Buhari Presidency, is driving the Nigerian economy in the right direction-upwards, and Nigerians can expect more because the administration is unrelenting in its determination to pursue the steady recovery and growth of our economy.”

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