Business
OPS Advises FG On NERGP Implementation
Private sector operators have advised the Federal Government to come up with workable strategies to implement the Nigerian Economic Recovery and Growth Plan (NERGP) to achieve its objectives.
This is contained in a statement signed by the Media Adviser to the Minister of Budget and National Planning, Mr Akpandem James in Abuja, yesterday.
According to the statement, the private sector operators gave the advice in a consultative forum on NERG presided by the Acting President, Prof. Yemi Osinbajo.
The NERGP is a follow-up to the Strategic Implementation Plan (SIP) which was a short term economic plan to drive the implementation of the 2016 Budget.
On the SIP, government promised that it would deliver a more comprehensive economic recovery and growth plan subsequently.
The plan is expected to be formally inaugurated by President Mohammadu Buhari within the month.
The operators advised the government to put in place effective monitoring and evaluation mechanism to achieve the results of the plan.
They said that the engagement of key stakeholders in the development process of the national economic plan showed a genuine desire to rapidly grow the economy.
They added that past development plans were rendered useless by either lack of, or poor implementation.
Meanwhile, Osinbajo assured that government was determined to put back the economy on a sound footing through diligent implementation of the recovery and growth plan.
In the short term, the acting President said that government had intervened in several ways to mitigate the sufferings of the people, including giving bailouts to State governments to enable them pay salaries of workers.
Also speaking, the minister of Budget and National Planning, Sen. Udoma Udo Udoma said major emphasis would be on implementation, monitoring and evaluation of the plan.
Udoma said that the government planned to set up a specially staffed Delivery Unit to drive the implementation of the plan.
The minister said that 12 out of the 59 strategies had been prioritised based on their importance to the success of the plan.
He listed the areas as restoring oil production to 2.2mbpd and reach 2.5mbpd by 2020, privatise selected assets, accelerate non-oil revenue generation, drastically cut costs, align monetary and, trade and fiscal policies.
Other areas he said would be on expanding infrastructure, especially power, roads and rail, revamping the four existing refineries, improving ease of doing business and expanding social investment programmes.
Udoma added that the government would focus on delivering on agricultural transformation and accelerating implementation of National Industrial Revolution Plan using Special Economic Zones.
He said that the government would be focusing on priority sectors in order to generate jobs, promote exports, boost growth and upgrade skills.
Udoma said that the 2017 Budget proposal reflected many of the reforms and initiatives in the NERGP.
“The 2017 budget is designed to expand partnership between public and private sector as well as development capital to leverage and catalyse resources for growth.
“In this regard, the budget makes provision, among others for N100 billion contributions to a privately-managed Social Housing Fund, N50 billion contribution toward development of Special Economic Zones, N12 billion counterpart funding for the 2nd Niger Bridge.’’
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.