NIGERIA MASTERWEB DAILY NEWS

*Nigeria: Obi is Champion of Industrialization - Aganga

-Masterweb Reports

The Minister of Trade and Industry, Dr. Olusegun Aganga has described Governor Obi as the champion of industry in Nigeria. He made this assertion Monday, July 30 at the Nigerian Business and Investment Summit at Dorchester Hotel, London.

Speaking on "Investment Opportunities in the Industrial Sector", Aganga who regrettably described Nigeria as import-dependent Country, said it was unacceptable that Nigeria exports most of her raw materials than finished goods. He said the commitment of the Federal Government was to focus on areas of competitive and comparative advantage and encourage local manufacturers to take advantage of opportunities available to a Nigeria.

The Minister noted that the Federal Government has taken note of barriers to industrial growth such as the problem of electricity that jerk up the cost of production by 30% and is certainly working towards removing such barriers. He said the overall aim of the Federal Government was to kick start Nigerian Industrial revolution.

On the progress of recorded in the area of encouraging local manufacturers and attracting foreign direct investment into the country, Aganga said that even the Federal Government should emulate Gov. Peter Obi who, according to him, had shown uncommon commitment. He said he was awed with the progress he saw when he visited. He gave specific example with Innoson Motor manufacturing at Nnewi, where, according to him, the CEO, Mr. Innocent Chukwuma said Gov. Obi had offered tremendous assistance, including building road to the complex and also patronizing them to the tune of Billions of Naira. zzzzzz ( Continues below..... )

Photo Above: Gov. Peter Obi (middle), flanked by the Minister of Trade and Investment, Dr. Olusegun Aganga ( left) and the representative of SABmiller Brewery, Henry Rudd ( right) at the Nigerian Business and Investment Summit at Dorchester Hotel, London, Monday, July 30.

Contributing, the representative of SABmiller brewery, Mr. Henry Rudd that just completed their largest brewery in West Africa in Anambra State said that corporations were attracted to invest where there are strong Governments. He said Obi's strong commitment attracted them to Anambra and that once other Government functionaries do likewise, Nigeria will become investment haven.

The summit was attended by the Hon. Minister of Finance, Dr. Okonjo Iweala, who represented the President, Governors, captains of Industry as well as many investors

Article Source: Masterweb Reports

MASTERWEB HOME - NIGERIAN NEWSPAPERS - NIGERIA NEWS HEADLINES - WORLD NEWS HEADLINES