Panel identifies five priority areas to drive Nigeria’s industrialisation

Date:

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

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

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.”

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading