Minister says FG’s ‘economic sustainability plan’ took Nigeria out of recession

The Federal Government has announced the exit of the Nigerian economy from recession following a 0.11 per cent increase in Gross Domestic Product (GDP) recorded in the last quarter of 2020.

The Minister of State, Budget and Economic Planning, Mr Clem Agha, announced this in Imo on Thursday at the commissioning of a 3.5-kilometer ring road, executed by the Federal Ministry of Agriculture and Rural Development.

Agha said the progress was achieved due to the implementation of the FG’ s economy sustainability plans.

“The five-man Committee set up by the president recommended rural intervention through construction of rural roads and soft loans for farmers,” he said.

He said the essence of the road was to guarantee access to farmlands without much difficulty. The minister advised the community to ensure that they utilized the FG’s agricultural loan by channeling the fund into agriculture.

“I advice all Nigerians to go back to farm because food security is the key to sustainable development,” he said.

Agha advised members of All Progressive Congress (APC) in Imo to massively participate in the ongoing party reregistration exercise.

He said President Muhammadu Bihari had demonstrated his love for South-East by approving signature projects in the zone, including the construction of second Niger Bridge, among others.

The immediate past APC National Organising Secretary, Mr Emma Ibediro, commended the FG for the project, adding that the community will appreciate the president by supporting his programmes.

The Traditional Ruler of the community, Eze Isaac Ibeake, said the ring road would enable farmers transport their farm produce without difficulties.

He appealed to the FG to consider citing agro processing facilities in the community, adding that the community is widely known with agriculture.

The News Agency of Nigeria (NAN) reports that other dignitaries at the commissioning included member representing Okigwe North Federal Constituency Miriam Onuoha, Zonal Director Federal Ministry of Agriculture, and Mr Kenis.