Monday, November 20, 2017 10.00AM / Ministry of Budget and
Federal Executive Council’s approval, the Ministry of Budget and National
Planning is set to organize focused labs. These labs consist simply in the
bringing together of relevant stakeholders in the public and private sectors
into weeks of intensive working sessions to brainstorm on practical steps to
overcoming any identified challenges in the implementation of the country’s
Economic Recovery and Growth Plan (ERGP).
The labs will
serve as an effective tool for ensuring robust engagement between the public
and private sectors to resolve challenges within a specified sector.
It is a fall-out
of the Federal Government Cabinet Retreat on ERGP Implementation held in Abuja
on the 10th of August this year with the theme “Getting Implementation Right”.
A major outcome
of the retreat was the need for Nigeria to conduct focused labs, drawing from
the Malaysian model, which will drive quick delivery of the major outcomes of
the ERGP. The initial labs will be in agriculture and transportation, in power
and gas, and in manufacturing and processing. Thereafter, similar labs will be
conducted in other areas, such as entertainment and tourism, health and
education amongst others.
The planned labs
will be directed by relevant Ministers and senior government officials, with
the participation of captains of industry and potential investors, both
Nigerian, as well as major international companies. Young and aspiring
entrepreneurs will also be invited to participate. Already the Federal
Government has set up an ERGP implementation team located in the Ministry of
Budget and National Planning who will be coordinating the labs. These staff
will be supported by some consultants from Malaysia who will facilitate the
first three pilot labs after which their services will no longer be required.
The labs, which
will run for about three months in three separate phases (pre-laboratory,
laboratory and post laboratory), will involve about 100 persons each drawn from
both the public and private sectors. The aim is to get private sector
involvement in achieving the objectives of the plan, by mobilizing private
sector financing and resources.
The key objectives of the labs are to:
Identify all relevant key stakeholders from the public and private sectors that
are crucial in the delivery and implementation of the various initiatives of
the ERGP so as to create ownership;
Review and re-evaluate the ERGP and sectoral plans
against set targets and progress;
Identify gaps in the current eco-system and the key success factors;
• Deliver detailed three-feet implementation programme line by line and identify
entry point projects;
• Identify key performance indicators, activities, budgets, timelines, milestones
and responsible action parties;
• Breaking down silos and encouraging key players in MDAs to work together in an
intensive co-creation manner;
Mobilize private sector investment to finance specific capital projects.
for the labs is far advanced and the Ministry will be providing regular updates
on progress on the labs.