Minister Says Nigeria Will Soon Achieve Non-Oil Export-Oriented Economy

Minister Says Nigeria Will Soon Achieve Non-Oil Export-Oriented Economy

Minister of Industry, Trade and Investment, Otunba Adeniyi, said  Nigeria would achieved non-oil export-oriented economy soon.

Adebayo said this in statement by his Special Assistant on Media, Mr Julius Toba-Jegede made available to newsmen.

The Minister spoke during a presentation at the “Nigeria Investment Showcase’’ held at Guildhall, London.

He said that Nigeria was set to achieve economic growth by leveraging on potential in mineral deposits and agriculture.

“Our new national ethos envisages a Nigeria that is export-oriented, high producing, high growth and offers productive infrastructure for large and small businesses.

“Nigeria is ambitious to achieve economic growth and transformation by leveraging on demographic dividends and comparative advantage in mineral deposits and agriculture,’’ he said.

The minister said that the Federal Government had begun implementing new initiatives to achieve the goal of providing opportunities for long-term oriented investors.

“The initiatives include wholesale reforms, tailored investor incentives, bilateral agreements and a pipeline of continuous opportunities.

“These pipelines of investment opportunities include, development of six special zones, establishment of agro-processing zones and development of a national trading platform,’’ Adebayo said.

 He said that the government’s focus was to build capacity for production and support for the service economy.

“This requires prioritizing local manufacturing and deploying large-scale capital in high-impact infrastructure projects.

“Others are export-focused production, supply chain and logistics as well as market access,’’ he said.

The Nigeria Investment Showcase was organized by the UK Department for International Trade in partnership with the City of London.


Leave a Reply

Your email address will not be published. Required fields are marked *