Economy’ll increase growth trajectory in 2019 – Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to hit 3.01 per cent in 2019.

The Minister, who said this at the Deloitte Dialogue on Nigeria’s Economic Outlook for 2019, recently in Lagos, added that it can only be achieved with the sustained implementation of the ERGP.

In a statement showing by Special Adviser (Media) to the Minister, Akpandem James, said, Sen. Udoma said the proposed 2019 budget is intended to further reposition the economy on the path of faster, inclusive, diversified and sustainable growth, and to continue to lift significant numbers of our citizens out of poverty.

He explained that with the improved coordination of fiscal and monetary policies, exchange rate stability, improved oil export earnings and capital inflows, as well as the continuation of the current prudent management of foreign exchange reserves by the CBN, inflation is expected to trend downwards to single digit of 9.98 per cent in 2019 from 11.44 per cent as at December 2018.

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