The Nigeria Vice President, Professor Yemi Osinbajo on Thursday presented the Economic Sustainability Plan (ESP) to President Muhammadu Buhari.
Disclosing this on his Facebook page, Osinbajo said the ESP with theme “Bouncing Back” is a reflection of “our” beliefs that this plan will avert the impending economic crisis and convert it to victory for Nigerians
He said “Today, on behalf of the ESC, I presented the Economic Sustainability Plan to President @MBuhari.
“The theme “Bouncing Back” is a reflection of our beliefs that this plan will avert the impending economic headwinds and convert this crisis to victory for the Nigerian people.”
The ESC is saddled with the responsibility to Develop a clear Economic Sustainability roadmap in response to challenges posed by the coronavirus pandemic
Propose monetary policy measures in support of the plan, provide a Fiscal/Monetary Stimulus Package, which includes support to private businesses, especially sectors most affected by the pandemic, and vulnerable segments of the population; as well as identify fiscal measures for enhancing distributable oil and gas revenue, increasing non-oil revenues and reducing non- essential spending, towards securing sufficient resources to fund the plan.