The Federal Government, through the Ministry of Industry, Trade, and Investment, is establishing a multi-level stakeholders’ steering committee and workgroup to tackle bottlenecks hindering industrial and SME growth in Nigeria.
Minister of State for Industry, Trade, and Investment, John Enoh, announced this initiative during an interactive session in Lagos with industry stakeholders and the organised private sector.
Enoh revealed that the committee, co-chaired by himself and the Manufacturing Association of Nigeria (MAN) president, Francis Meshioye, will identify challenges in the sector and propose actionable solutions. The group will include key sector players and meet quarterly.
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Highlighting the need for collaboration, Enoh called for partnerships between government and stakeholders and inter-ministerial synergy to address challenges like multiple taxation and poor power supply.
Meshioye stressed the need for investments in the power sector, lamenting its impact on manufacturing. He also advocated policies encouraging the patronage of locally produced goods.
The meeting ended with Taiwo Adeniyi, Chairman of the Organised Private Sector, pledging support for the initiative to enhance trade and manufacturing.
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