Togo has officially rolled out a four year national development plan. It is to serve as a guide to its socio-economic development.
President Faure Gnassingbe who launched the document says the plan has big ambitions and not just a tool for theorists to talk about.
Media reports say the plan was formulated in an inclusive and coherent approach. It aims at searching for better living conditions for the Togolese people.
Mr Gnassingbe said “Public resources are scarce and it is imperative to rationalize their use to achieve the ends we have set for ourselves.”
He says “external (foreign) supports remain important catalysts” to finance the plan which will cost about $7 million.
The private sector according to the President will play a leading role by contributing about 65 percent of the overall cost of the plan.
Indigenous solution
Gnassingbe says development is “above all an indigenous process by which we must coordinate our actions and legitimize our choices with a focus on rigor and good governance.”
He wants all Togolese people to support the plan which aims at transforming the West African country.
Adopted at a ministers’ council, the plan sets strategic goals for economic and social development.
But the goal is also for growth over the 2018-2022 period.
The plan revolves around three areas:
- Creating a top-class logistics hub and a business center of reference in the region.
- Developing poles of agricultural processing, manufacturing, and mining.
- Consolidating social development and boosting inclusion mechanisms.
The National Development Plan is expected to create 500,000 jobs by 2022, and achieve a GDP growth of 7.6%.
Source: Africafeeds.com
