BREAKING: The Nigeria Economic Sustainability Plan (NESP) has today been approved by the Federal Executive Council (FEC).
It’s a 2.3 Trillion Naira stimulus plan to support the Nigerian economy in the face of the disruptions and challenges of the Covid-19 pandemic.
It’s a 2.3 Trillion Naira stimulus plan to support the Nigerian economy in the face of the disruptions and challenges of the Covid-19 pandemic.
The Committee that prepared the NESP was set up by President @MBuhari, and chaired by Vice President @ProfOsinbajo. Made up of a number of Cabinet Ministers, and held extensive consultations with NASS, EAC, and State Governors.
Goals of the NESP:
- Create jobs
- Put money into the economy
hopefully stop it slipping into recession,
- Support small biz
- Prioritize local content (Made-in-Nig)
The NESP is a 12-month ‘Transit’ Plan between the ERGP & the ERGP-successor-plan currently being worked upon.
- Create jobs
- Put money into the economy
hopefully stop it slipping into recession,
- Support small biz
- Prioritize local content (Made-in-Nig)
The NESP is a 12-month ‘Transit’ Plan between the ERGP & the ERGP-successor-plan currently being worked upon.
