President Goodluck Jonathan has pledged his commitment to making Nigeria proud in four years. He said this while inaugurating the Federal Government’s Economic Management Team, EMT, at the State House, Abuja, on Thursday.
He charged the Economic Management Team, EMT, to fast-track the implementation of the medium term plan in line with his commitment to the realization of the Vision 2020:20.
Medium Term Plan, MTP, is government’s newest economic blueprint, targeted to ensure finalization of the Mines and Minerals Amendment Act. The broad objective of the MTP is to ensure profitably natural resources and mineral endowments for socio-economic development.
Observing that the inauguration of the EMT marked the beginning of “an exciting collective journey in our attempt to strengthen the Nigerian economy,” the president reiterated that it was set up to coordinate the rapid growth of the economy and not to take over the responsibility of managing the various ministries under the leadership of the individual ministers.
“The success or failure of any ministry in attaining the goals we have set is, therefore, dependent on the leadership of the ministry headed by the minister and supported by the permanent secretaries,” he admonished.
Jonathan stated that areas where people wants to see improvements included, reduced inflation, higher economic growth and economic diversification, job creation, better school enrollment, improved access to health care and a more sustainable environment.
Similarly, he observed that they are interested in regular and sustainable electricity supply, higher purchasing power, social infrastructure, “and in every sense, this is all about the economy.”
He said, “I expect this team to work with the vice-president and I to bring about such economic transformation that can clearly translate into better opportunities for our people. We must ensure better linkages between fiscal and monetary policies, provide a more enabling environment for private sector investment and continue to encourage the culture of entrepreneurship to thrive.”
“This is important. In the meantime, I am quite pleased with the level of enthusiasm and comradeship that I observe among ministers and ministers of state but the value of all that can only be measured in terms of the quality of our outputs and how well we are able to meet the people’s expectations,” he said.
According to him, “the economy is, of course, at the heart of this administration’s transformational agenda. We are looking forward to greater fiscal discipline, a continuously improving framework to support local and international investors and effective macro-economic and monetary policies. Our emphasis should be one of inclusive growth and employment generation. Economic growth should necessarily translate into measurable benefits for our people.”
Jonathan also said, “Global regulation of the movement of small arms will help to check trans-border crimes and insurgencies,” adding that Nigeria would continue to canvass that position.
He urged members of the EMT to combine their individual strengths, to generate ideas and initiatives in line with government’s goal of transforming every sector of Nigerian life and society, particularly the economy.