{"id":51852,"date":"2016-08-03T01:45:42","date_gmt":"2016-08-03T00:45:42","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=51852"},"modified":"2016-08-03T01:45:42","modified_gmt":"2016-08-03T00:45:42","slug":"economic-team-meets-plan-mid-term-economic-framework","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/economic-team-meets-plan-mid-term-economic-framework\/","title":{"rendered":"Economic Team Meets, Plan Mid-Term Economic Framework"},"content":{"rendered":"<pre>Concerted efforts to address the country's economic challenges intensified\r\nas President Muhammadu Buhari's Economic Management Team, EMT, held a\r\nconsultative forum with a team of notable economic and financial experts\r\nat a meeting presided over today by Vice President Yemi Osinbajo, SAN.\r\n\r\nAt the parley which held at the Presidential Villa, strategies and\r\nsuggestions on how best to reflate the economy, bring it out of recession\r\nand promptly restore growth topped the agenda, with the Vice President\r\nexpressing the President's determination to continuously consider and\r\nadopt policies that would boost business, increase employment and provide\r\nsuccor to the poor and disadvantaged.\r\n\r\nSpeaking at the forum, Prof. Osinbajo said \"we will continue to engage\r\nwith experts and other stakeholders so we can measure progress of the\r\neconomic policies that have been put in place. The challenges are many but\r\nthe opportunities are much greater, we are clearly on the path to building\r\nan economy that will create jobs and ensure inclusive growth.\"\r\n\r\nThe EMT meets weekly and also hold special consultations with members of\r\nthe private sector and economic experts from time to time.\r\n\r\nExperts who attended the four-hour long special meeting were Mr. Bismarck\r\nRewane, Mr. Bode Augusto, Prof. Akpan Ekpo, Dr. Ayo Teriba and Prof.\r\nBadayi Sani.\r\n\r\nIssues discussed at the consultative forum include the review of the new\r\nforeign exchange regime and its effect on the economy as well as the draft\r\nMedium Term Economic Framework for 2017-2019. The EMT members and the\r\nexperts made a plethora of suggestions on how to reflate the economy,\r\nespecially through massive infrastructural spending with active private\r\nsector participation, ensure pro-people economic policies, increase the\r\nsupply of dollars to the forex market among other issues.\r\n\r\nAlso speaking with reporters at the end of the meeting, Minister for\r\nBudget &amp; National Planning, Senator Udoma Udo Udoma said \"we\u2019ve just\r\nfinished a special meeting of the economic management team, as you know,\r\nwe are in the middle of consultations to develop the new mid-term economic\r\nframework, M-TEF.\"\r\n\r\nHe further disclosed that the meeting is \"part of a comprehensive\r\nconsultation process that we are embarking on to make sure that we reach\r\nout to a wide spectrum of Nigerians to get a feed back in terms of how\r\nbest to make sure that we come out of this recession.\"\r\n\r\n<\/pre>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Concerted efforts to address the country&#8217;s economic challenges intensified as President Muhammadu Buhari&#8217;s Economic Management Team, EMT, held a consultative forum with a team of notable economic and financial experts&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":48459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-51852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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