Panel identifies five priority areas to drive Nigeria’s industrialisation

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The Nigeria Industrial Policy and Competitiveness Advisory Council held its second meeting on Monday with a decision to focus on five priority areas.

The areas are critical infrastructure, financing, trade, skills and capacity building.

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, disclosed this to State House correspondents at the end of the meeting held inside the Presidential Villa, Abuja.

Enelamah said, “We have identified five top priority areas of critical infrastructure, financing, trade, skills and capacity building. Those are the five areas the committee will focus on and we have divided ourselves into groups.

“Next time we meet you, we will be telling you the priority areas we have focused on and the implementation solutions we have focused on.”

The minister stated that members of the committee had committed to making sure that both the private and public sectors collaborate to solve the most pressing problems and challenges facing industries and industrialisation in Nigeria.

A member of the committee, Abdulsamad Rabiu, said if all the ideas proposed were implemented, the nation would move forward.

Rabiu, who is the Chairman of the BUA Group, said the council was looking at how power generation could be improved upon.

He stated, “As we all know, power generation in Nigeria is at 4,000MW for more than 20 years. So, government is very concerned; it is very worried and it is doing everything possible to ensure that Nigeria has the required power.

“If you look at Egypt, for example, it recently inaugurated a 4,000MW hydro (power plant), which only started about four years ago. Nigeria, being the biggest economy (in Africa) and having only 4,000MW or 5,000MW, I think it’s not the best for us.

“So, the government is doing everything possible to ensure that at least some of these critical areas are addressed. There is definitely the need for us to do something about it. The government has invited the private sector and we are working together to see how we can together come out with modalities to improve most of these critical areas to push this country forward.”

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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