FG moves to improve Nigeria’s global competitiveness ranking


chika_mordi_271645313The Federal Government has taken a major step to improve the country’s global competitiveness ranking with the appointment of Mr. Chika Mordi, as the new Chief Executive Officer, National Competitiveness Council of Nigeria.

Thank you for reading this post, don't forget to subscribe!

The council, which is being chaired by the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has representatives from the Manufacturers Association of Nigeria and the Nigerian Economic Summit Group, among others.

Aganga was quoted in a statement made available on Sunday that the council was key to improving the country’s global competitiveness ranking, adding that it would work closely with the private sector and the World Economic Forum to achieve the objective.

He said, “The National Competiveness Council was inaugurated by President Goodluck Jonathan some months ago as a private sector-led organisation. The idea of setting up the council is to help improve the competitiveness of Nigeria, which of course, will lead to increased productivity of our companies.

“The council will advocate initiatives in a number of areas, including matters that will affect the macro economy, infrastructure, capital availability, cost of doing business, skills innovation, investment and business climate and regulations. The idea is that in order for Nigeria to fully benefit from its competitive and comparative advantage, it is important that we become competitive like the rest of the world.”

The minister added that unless the country developed its huge resources, put the right skills and infrastructure in place, it would not be competitive.

Aganga noted that membership of the NCCN was drawn from both the public and private sectors, adding that the new CEO would drive the day-to-day activities of the council.

He said, “We have just announced the appointment of Mr. Chika Mordi as the new Chief Executive Officer of the National Competitiveness Council of Nigeria. As part of efforts to institutionalise this drive, the NCCN board has been building a strong executive team to deepen our impact.

“We have a few government ministers like me in the council, but largely, members have been drawn from the best in the corporate world in Nigeria as well as Nigerians in the Diaspora.”

After the event, the President, Manufacturers Association of Nigeria, Chief Kola Jamodu, told journalists that there was a need to correctly report the ongoing positive developments in the country, adding that it would go a long way in improving its competitiveness ranking globally.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Share post:



More like this

Stanbic IBTC Insurance Launches Education Endowment Plan for Children

June 21, 2024. Azonuchechi Chukwu. Stanbic IBTC Insurance has launched its...

Nigeria gets AfDB’s $15 Million loan address Infrastructure Financing 

June 21, 2024. Azonuchechi Chukwu. The African Development Bank (AfDB) and...

South Africa Reshapes its Democracy, Shows Readiness for Economic Transformation

June 21, 2024. Azonuchechi Chukwu. By Professor Maurice Okoli South Africa's historic...

Naira Depreciates Further to N1,485.36/$1 at Official Market

June 21, 2024. Azonuchechi Chukwu. The Naira continued its fall against...
× How can I help you?