The outgoing minister of Industry, Trade and Investment, Okechukwu Enelamah, has said the 13 major reforms initiated by his ministry were to facilitate the implementation of the Economic Recovery and Growth Plan , the National Industrial Revolution Plan and ”speed up governance.”
Also, the minister said the project was aimed at contributing to sustainable, inclusive growth by creating 1.5 million new direct manufacturing jobs in the initial phase and to increase and diversify non-oil foreign exchange earnings to at least $30 billion annually by 2025, by increasing manufacturing sector exports.
During the meeting, the VP reportedly reaffirmed FG’s endorsement of the strategies and plans put in place for the actualisation of the SEZs. On government’s commitment to Project MINE, he said as a Presidential Priority Intervention project, ”it will be used as Special Economic Zones to boost manufacturing’s share of their gross domestic product to 20 per cent.”
This, the ministry said, was to establish the integrity of the Federal Government and the propriety of its actions in the light of the negative perceptions created in the media.The statement identified other reforms embarked on by the Ministry, including those in Trade and Intellectual Property Registration.
”NOTN is in the process of updating Nigeria’s Trade Policy, which was last updated in 2002. In September 2018, it launched the process of preparing a 21st Century Trade Policy for Nigeria, tagged “A Welfare and Prosperity Trade Agenda that Works for All.
All these lofty ‘reforms’ for 2% growth and 23% unemployment - yuge reforms! 🙄
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Source: LeadershipNGA - 🏆 4. / 77 Read more »