The Federal government is putting measures in place to stimulate economic growth
To this end The Federal Executive Council has approved the hiring of a consultant to conduct a study that will aid the implementation of the present administration’s Economic Recovery and Growth Plan.
This was disclosed by The Minister of Budget and National Planning, Udo Udoma, at the end of a meeting of the Council presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.
He put the cost of the approved consultancy job at N458m.
According to him the consultant would identify relevant stakeholders in both private and public sectors for the implementation of the ERGP.
He said the study would be conducted on agriculture, transportation, power, gas and processing, among others.
Also speaking after the FEC meeting,The Minister of Power, Works and Housing, Babatunde Fashola, said the Council approved the contract for the construction of Gombe-Biu Road at the cost of N27bn.