The Economic Growth Department has the responsibility of promoting the country’s economic growth through identification of the growth drivers and enablers. In collaboration with relevant Ministries, Department and Agencies (MDAs), the Department engages in activities that enhance the growth and development of the Nigerian economy. To sustain the rate of growth in the economy, the Department seeks and harvest low hanging fruits, identify obstacles to the economic growth and proffer necessary solutions to address them. It also works with other critical stakeholders such as the Organized Private Sector (OPS), Civil Society Organizations (CSOs), Development Partners (DPs), the Academia, etc. to ensure a more coordinated and sustainable approach towards stimulating the economy.
Mandates of Economic Growth Department are as follow:
Undertake the formulation of sectoral policies and programmes aimed at ensuring inclusive growth of the Nigerian Economy;
Drafting Coordination of the relevant sectoral chapters of any Development plan e.g. (ERGP, Vision 2020, National Development Plan 2021 – 2025 and Nigeria Agenda 2050);
Production of Half Year and Annual Performance Sectoral Reports for the Nigerian economy;
Periodic review and appraisal of policies, programmes and projects in the relevant sectors of the economy;
Set Sector Priorities (policies, programmes and projects) in collaboration with relevant MDAs that drive the real sector;
Undertake Monitoring and Evaluation of relevant Sector Projects and Programmes in the economy in collaboration with the National Monitoring and Evaluation Department;
Conduct researches on topical issues within the ambit of Productive Sector; and
Provide technical guidance to Ministries, Departments and Agencies (MDAs) in development of Sector Plans and Programmes to ensure its alignment with the National Development Plan (NDP);
Provide oversight functions on cross-cutting issues as may be required.