NOSAK Group Participates in the Economic Recovery And Growth Plan (ERGP) Focus Labs
The Nigerian Economic Recovery and Growth Plan (NERGP) which was launched in April 2017 had its first phase of Focus Labs which has identified 165 projects spread over the six geo-political zones of the country with a total potential investment worth $22.5 billion and 513,981 jobs by 2020.
The event which lasted for 6 weeks (March 12 – April 22, 2018) focused on agriculture, transportation, power and gas supply, manufacturing and private sector companies (including solid minerals).
The Focus Labs produced a total of 67,200 man-hours of effort within a six-week period and involved 180 organizations including the relevant ministries, government agencies, authorities and private sector companies as well as banks.
The government identified 59 projects and initiatives for execution under the Growth Plan.
The Minister of Budget & National Planning, Senator Udoma Udo Udoma stated, “This is not the end process but the beginning of a new chapter in our development trajectory. There is no doubt that by tackling the constraints to growth by leveraging on the power of the private sector and by allowing markets to function, we are placing Nigeria firmly on the path of diversified, inclusive and sustainable growth.”
The Nosak Group team which graced the event includes:
- Toni Ogunbor – Chairman, Nosak Group
- Deji Rahman – Group Head, Strategy
- Thomas Oloriegbe – Group Chief operating Officer
- Robert Ogiri – Managing Director, Nosak Farm Produce Limited.