Economy

Nigeria reviews Industrial Revolution Plan

Nigeria’s Industrial Revolution Plan is being reviewed to reflect the economic realities and aspirations of the Federal Government.

The Minister of Industry, Trade and Investment, Adeniyi Adebayo said in a statement signed by his Special Assistant on Media, Ifedayo Sayo that the revision of the NIRP will provide a clear and definite path to a new industrial aspiration.

According to him, this can be achieved by taking into cognisance, the recent trade agreements and how they can be taken advantage of, and also ensure a safer environment by adapting the policy to capture the global target of net zero emissions by 2050 and create job opportunities for Nigerians through increased production to leverage the wider market access provided by AfCFTA.

According to him, “Domestication of production and backward integration has been at the centre of this administration’s industrialisation programme, to drive job intensive growth of the Nigerian economy. They will increase local production, create job opportunities and improve our foreign exchange reserve position.”

Joseph Oyekanmi

Recent Posts

US authorities slam Air Peace boss, Onyema, with fresh fraud charges

The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…

2 years ago

Report: NUPRC has not approved $1.3bn Shell Renaissance deal

  Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…

2 years ago

There’s a plan to derail Tinubu’s petroleum industry revolution

Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…

2 years ago

NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised

  A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…

2 years ago

Fidelity Bank affirms commitment to data protection, strong corporate governance

  Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…

2 years ago

NGX rates Fidelity Bank highest on corporate governance

  Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…

2 years ago

This website uses cookies.