June 9, 2025
Minister-Udoma-Udo-Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday drew attention to the dangers of uncontrolled population growth on the economy and emphasised the need to generate national support for measures that can help moderate the rapid rate of population growth in the country.

Senator Udoma who chaired the session on “Sustainable development” at the 58th Annual General Meeting of the Nigeria Bar Association holding in Abuja, said that current estimates suggest that more than four million people are being added to the country’s population every year.

Pointing out that the figure is comparable to the population of many large cities or those of small African countries, the Minister stressed that if the country is to fully achieve the objectives of the Economic Recovery and Growth Plan (ERGP), which is to invest in the Nigerian people; expand social inclusion; create jobs and develop human capital, then it has become imperative that new ways to better manage the rate of population growth be fashioned out.

Citing the China example, the Minister said managing population growth is an important part of any strategy to achieve sustainable economic development. He mentioned that his Ministry, working with the Health Ministry, has been given the responsibility by Strategy 46 of the ERGP to develop policies to help manage the country’s rate of population growth.

“Let me say, so that I am not mis-understood, that I am not suggesting that we consider taking measures as drastic as the ones China implemented. But it is important to sensitize Nigerians that we will have to find ways to better manage our rate of population growth if we are to fully achieve the objectives of the ERGP, which is to create the Nigeria of our dreams where extreme poverty is virtually abolished,” he explained.

The Minister emphasised that when the ERGP is fully implemented we should achieve a GDP growth rate of at least 7%. He indicated that at the heart of the Plan is the need to build a globally competitive economy and a nation where we grow what we eat, consume what we make and use what we produce.

Reiterating the key execution priorities, the Minister said the Plan is focused on ensuring macroeconomic stability; expanding agricultural production so as to achieve food security; investing in transportation infrastructure; ensuring energy sufficiency, particularly in power and petroleum products; and driving industrialization, particularly through SMEs.

He said it is most encouraging to note that, though as a 4 year Plan, the ERGP is still in its early period of implementation, some early successes have already been achieved. He mentioned the exit from recession and the growth of the non-oil sector which, according to the National Bureau of Statistics’ (NBS) 2nd Quarter GDP numbers, grew by 2.05%. “This is the strongest growth we have seen in the non-oil sector since we emerged from recession in the second quarter of 2017. Indeed, it is the strongest growth in this sector since 2015,” the Minister pointed out.

Also mentioning other economic indices that are improving, he said “Inflation rate has declined consistently since December 2016, declining from 18.55% in that month to 11.14% last month. External reserves have nearly doubled from $23.81 billion in September 2016 to $46.37 billion by mid-August, 2018. The exchange rate gap has narrowed and there has been improvement in the level of business confidence. Capital inflows have risen from $710 million in the first quarter of 2016 to $5.5 billion by the second quarter of this year.”

He cited the Nigeria stock market which ended 2017 as one of the best performing in the world, even though it has slowed a bit this year, probably due to the usual caution of investors in a pre-election year. “Between 2016 and 2017, exports have grown by 59.5%, from N8, 527 billion in 2016 to N13, 598 billion in 2017; our trade balance has grown from a deficit of N290.1 billion in 2016 to a surplus of N4, 035.5 billion last year,” he added.
>
> The progress notwithstanding, the Minister said much work still remains to be done to achieve the goal of sustained economic development, given the state of the economy inherited at inception of the Buhari administration. But he was confident that when the strategies in the ERGP are fully implemented, the desired sustainable development will be achieved.

He assured that since the ERGP is a live and dynamic plan, government will be carrying out regular reviews to ensure that it is working in accordance with its design specifications. “Indeed, we are currently undertaking a mid-term review of the Plan to assess progress, see where we are, and identify those things that we may need to tweak in the implementation of the ERGP”.

The Minister also told the gathering that the consistent year by year increase in the capital votes for Education and Health; and the yearly budgetary allocation for social interventions across the country shows the priority attention given to human capital development by the present administration.

While applauding the NBA for the conference, which might help with inputs for the mid-term review, the Minister congratulated the NBA National Chairman, Mr Paul Usoro, on his recent election and also the outgoing President, Alhaji Abubakar Mahmoud and his team, for the good work they have done in running the association.

He told the lawyers gathered at the conference that because of the special orientation of the legal profession, the versatile nature of the practitioners and their ability to rationally analyse and disentangle complex issues, they are always in high demand, which explains why President Mohammadu Buhari has eight lawyers in his cabinet.

The lead speaker for the session was Mr Keith Boyfield, an internationally recognised economist and Founder/Director of Keith Boyfield Associates, London, who spoke on the topic “Transition, transformation and sustainable institutions.”

Other speakers were the Chairman of Coronation Capitals and co-founder of Access Bank, Mr Aigboje  Aik-Imuokhuede; and the Chief Executive Officer of the Nigeria Economic Summit Group (NESG), Mr ‘Laoye Jaiyeola.

87 thoughts on “Economy: There’s urgent need to moderate rapid population growth – Udoma

  1. This ensures that everything we promote is of aquality appropriate to be used in prescription drugs, so you should purchase from
    us withcomplete peace of mind. Whether you’re a first-time
    user planning a newbie cycle or a aggressive bodybuilder preparing
    for a show, GH Canada presents reliable access to high quality steroids online—with no BS.
    When it comes to buying steroids on-line in Canada, it’s not just about discovering
    a product—it’s about trusting the supply. In a market
    filled with unreliable vendors, underdosed gear, and sketchy
    transport practices, GH Canada has emerged as the gold commonplace.
    They’ve constructed their name by way of years of consistency,
    quality, and transparency—and the results speak for themselves.

    High-quality tablets are essential when discussing
    oral steroids, as they guarantee safety and efficacy, providing benefits like ease of use and quicker metabolism in comparability with
    injectables. Let’s have a glance at how to gain muscle without steroids (https://wikis.ece.iastate.edu/cpre488/index.php?title=Hi_Tech_Pharmaceuticals_Anavar_180_Tab) to acknowledge a authorized steroid from an illegal one,
    what precautions to take should you plan to use legal steroids, and what other confirmed methods
    you ought to use to build muscle and power. Sure, authorized steroids can be utilized alongside
    varied diet and workout plans. They are designed to enhance
    and improve your fitness efforts, serving to you obtain your
    bodybuilding targets sooner. Outcomes from authorized steroids could
    differ relying on elements such as particular person body sort, workout routine,
    and food regimen. However, most customers report noticeable improvements inside 2-4
    weeks of constant use.
    Engaging in regular exercise is crucial for constructing muscle mass and bettering your
    bodily efficiency. A combination of strength training, cardio, and suppleness exercises is not going to solely help you to see quicker
    outcomes with legal steroids but additionally contribute to your overall health, stamina, and
    endurance. Combining legal steroids with different dietary supplements
    may help you obtain optimum leads to your fitness
    journey. By integrating numerous merchandise designed for particular functions, you’ll find
    a way to target different elements of your workout routine and overall well being to maximise your positive
    aspects and performance. As you embark in your journey
    with authorized steroids, it is important to comply with the really helpful dosage and directions for optimum results.

    Anabolic steroids are like placing a rocket on a push bike –
    however should you don’t know what you’re doing, then you’re bound to fail or, worse, destroy
    not solely your features but your health6. I realized that again and
    again, and that’s what inspired me to study as much as I may about steroids.
    Whereas there are tons of authorized steroids on the market, these 7 are the simplest.
    The research shows that it could possibly significantly boost testosterone ranges by 44% or extra,
    which is essential for muscle growth. Testo-Max is an alternative alternative to the favored injectable anabolic steroid Sustanon, which has numerous dangerous unwanted effects.
    Whereas there are a bunch of excellent authorized steroids out there, D-Bal is
    essentially the most powerful and my absolute favorite.

    If they fail to fulfill the necessities, you’ll have the
    ability to keep them accountable & seek restitution. Furthermore, experienced companies have at all times
    been in the business for a protracted time & know precisely what works greatest
    to realize the best outcomes. As a outcome, if you buy from them, you might be in a win-win scenario.

    Due to an absence of aromatization, it doesn’t cause any noticeable water retention, making overall weight achieve less than on Dianabol or
    Anadrol. Based on our checks, Anadrol is presumably the worst anabolic steroid for the center and liver.
    Due To This Fact, it is usually avoided by steroid customers who decide to go for lighter steroids,
    which can nonetheless yield impressive results (such as testosterone or Dianabol).
    Crazy Bulk is the main retailer of authorized
    steroids on-line, selling over 500,000 bottles. Thanks
    to GearManiac’s comprehensive reviews and authenticity checks,
    I’ve found dependable sources and improved my performance
    considerably.” – Jane S. The article also highlights the risks of buying from shady on-line sources—including counterfeit vials, underdosed gear, and lack of product transparency. It explains how shopping for from the incorrect vendor can jeopardize your health and your positive aspects.
    Compounded drug products from our 503B facility are solely available for order by licensed healthcare suppliers. Compounded merchandise are not FDA-approved and have not been evaluated by the FDA for safety or efficacy. Androgen therapy, such as testosterone, may end up in loss of diabetic control and must be used with warning in patients with diabetes mellitus. It depends on the product’s ingredients, however typically, each formulation promotes healthy testosterone manufacturing and prevents testosterone from remodeling into estrogen over time in males. Always read the product label and consult a healthcare professional if not sure. For girls, it is best to attempt a product that’s designed for men and women, like Hunter Check. One such reputable platform is CrazyBulk, a extensively known vendor of 100 percent natural supplements.
    If you’re going to run an Anadrol cycle, try my full Anadrol (Oxymetholone) cycle guide. This means you aren’t tied to the properties of only a single type of testosterone. Sustanon 250 protects lean muscle tissue, and your dosage and exercises will determine how a lot you can gain.
    Patients receiving high doses of testosterone are in danger for polycythemia. Periodically, sufferers receiving testosterone should have their hemoglobin and hematocrit concentrations measured to detect polycythemia. Visiting a physical store can be a handy choice for these looking to buy authorized steroid alternate options. Many well being and complement shops stock a wide range of merchandise that cater to the wants of health enthusiasts. The availability of authorized steroids also performs an important position, as some merchandise will not be simply accessible in certain regions or international locations.
    20lbs of mass isn’t out of the question by the end of the cycle, however you’ll need to pay attention to controlling fluid weight for best results. Mass and strength will increase are the game’s name right here, and you’ll discover them significantly. The popular Testosterone Enanthate is mostly utilized in a high-dose cycle.

Leave a Reply

Your email address will not be published. Required fields are marked *