|« OBJ and IBB: Two Renowned Fools Trying to Fool Idiots Again||Nigeria Disgraced In Oslo By Norwegian Customs Authorities »|
*Nigeria: Obi is Champion of Industrialization - Aganga
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
*HOW TO USE NIGERIA MASTERWEB DAILY NEWS BLOG:
(1). To Post Articles:- Click on "Log in" above on the top left hand side of this page, then click on "Register" to set up an account to enable you post articles. Enter required fields including Username, Password and Email Address. You will be required to validate your email. Your membership will be approved 2 to 24 hours after your validation. Thereafter, go to the blog, click on "Log in" and log in and click on "Write" to post articles. *Returning members - click on "Log in" and log in and click on "Write" to post articles. It takes beteween 24 to 72 hours for posted articles to be released by moderators. ( Please note that only news articles can be published here. Unconfirmed reports and controversial articles are not allowed and will not be approved. )
(2). If you do not include your full name in posted articles, they will not be approved and will not be published.
(3). To Read Posted Articles/Blogs:- Just click on any of the "Categories" or "Sub-Categories" below