FG Unveils ASAP Initiative to Revitalize Economy
By Patience Ikpeme
In a decisive move to address the nation’s economic challenges and foster sustainable development, the Federal Government has launched the Accelerated Stabilization and Advancement Plan (ASAP).
The initiative, unveiled by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, aims to revitalize eight key sectors of the economy, including Agriculture, Energy, and Health.
During the inaugural meeting of the ASAP Implementation Committee in Abuja on Monday, Mr. Edun underscored the collaborative nature of the project and the importance of inter-agency cooperation.
The Committee, chaired by the Minister, will oversee the effective implementation of the Plan and ensure that clear milestones are met.
Key Features of the ASAP: The Plan prioritizes eight sectors crucial to Nigeria’s economic growth and development. A coordinated dry season farming initiative involving the Federal Ministry of Finance, Central Bank of Nigeria, Federal Ministry of Agriculture and Food Security, and African Development Bank will enhance agricultural output and ensure timely delivery of inputs to farmers. The ASAP Implementation Committee comprises key government officials from various ministries, reflecting a holistic approach to economic revitalization.
Government Officials Involved: Senator Abubakar Kyari (Minister of Agriculture and Food Security); Senator Abubakar Atiku Bagudu (Minister of Budget and Economic Planning); Muhammad Ali Pate (Coordinating Minister of Health and Social Welfare); Chief Adebayo Adelabu (Minister of Power); Ekperikpe Ekpo (Minister of State for Petroleum Resources (Gas) and Tanimu Yakubu (Director General of the Budget Office of the Federation).
The Federal Government has reiterated its commitment to delivering on the promises of the ASAP, emphasizing transparency, accountability, and sustainable development. The initiative is expected to pave the way for a transformative era of economic growth and development in Nigeria.
As the ASAP Implementation Committee begins its work, there is a strong sense of optimism and anticipation. With the collaborative efforts of government agencies and stakeholders, Nigeria is poised to witness significant advancements in its economic landscape.
