Vice President Osinbajo To Inaugurate ERGP Focus Labs On Feb 6
Vice President Yemi Osinbajo (SAN), will on Tuesday, inaugurate the Joint Working Group for the Economic Recovery and Growth Plan (ERGP) Focus Labs in Aso Villa, Abuja.
This is in line with the President Muhammadu Buhari-led administration’s economic focus and direction, which includes eradicating corruption in government procurement and processes, prudent management of resources, social inclusion, overcoming power constraints and skills shortages, and further promoting private sector inclusion.
In a statement signed by Mr, Laolu Akande, Senior Special Assistant to the Vice President on Media and Publicity, the ERGP Focus Labs are aimed at driving new investments that would create hundreds of thousands of jobs for Nigerians across the 36 states of the federation and, in the long-term, continue to grow the economy.
The statement read in part:
“A Central Steering Committee and Joint Working Group of the ERGP Focus Labs will be formed comprising nine ministers in Agriculture, Transport, Solid Minerals, Industry Trade and investment, Power Works and Housing, Petroleum Resources, Finance, Justice and of course Budget and National Planning.
“The responsibilities of the Central Steering Committee will include steering the labs and ensuring active collaboration with the private sector to remove inhibitions that may have impeded some of the priority investment projects that have been stalled for too long.
“In the same vein, the Joint Working Group will comprise senior public officers from the six aforementioned pilot Ministries, and their agencies. They are expected to work with the Senior Special Assistants to the President in the ERGP Implementation Unit to plan the labs successfully and address the inter-agency bottlenecks the investors bring to the labs.
“Other tasks of the members of the core sector teams in the Group include generation and validation of sector data, provision of sector specific information and context, provision of technical perspective and government policy position.
“The Working Group would also be tasked with making decisions on behalf of the government that promotes investment and national interest, build Institutional memory, strengthen Institutional capacity, and encourage institutional ownership.”