Our Econ Plan is the 'Economic Recovery and Growth Plan.' One of its cornerstones is promoting local content and empowering local businesses
We will also continue our ongoing reforms to enhance the efficiency of the management of our oil and gas resources.
From January 2017, the Federal Government will no longer make provision for Joint Venture (JV) cash-calls.
The new JV funding structure will positively impact Govt revenues, which will be allocated to Infrastructure, Agric, Mining & Manufacturing
I will be issuing some Executive Orders to ensure the facilitation and speeding up of government procurements and approvals.
Facilitation of business and commerce must be the major objective of government agencies. Government must not be the bottle-neck.
I've established the Presidential Enabling Business Council, chaired by @ProfOsinbajo, w/ a mandate to make doing business in Nigeria easier
In 2017, we will focus on the rapid development of infrastructure, especially rail, roads and power.
Modernizing Nigeria's railway system is a priority in the 2017 Budget. In 2016, we made a lot of progress completing financing arrangements.
Nigerians will begin to see the tangible benefits of our Infrastructure modernization in 2017.
During 2016, we conducted a critical assessment of the power sector value chain, which is experiencing major funding issues.
We will resolve the liquidity issue in the power sector. On our part, Govt has made provisions in #Budget2017 to clear its outstanding debt.
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