The Minister of State for Industry, Trade, and Investment, Senator John Enoh, has stressed the need to find new solutions to the country’s economic situation, adding that government was committed to building an economy where businesses thrive.
Senator Enoh said this on Monday while speaking at a 2-Day ministerial retreat in Abuja.
The retreat, themed “Accelerating Diversification to Rebuild Prosperity,” brought together CEOs of 20 agencies under the Ministry and all Directors to discuss Nigeria’s path toward economic diversification and industrialization.
He said the government through the ministry is committed to “building a dynamic, resilient, and sustainable economy that enables businesses to thrive locally, regionally, and globally.”
This is as he added, “We are not here merely to discuss problems but to deliver solutions. The responsibility before us is immense: How do we transition from an import-dependent economy to an innovation-driven industrial hub? How do we create an environment where our industries are globally competitive? The time for action is now.”
The Minister of State, Trade and Investment highlighted areas the ministry was focusing on, to include, scaling up industrialization and expanding trade opportunities, enhancing investment policies to attract both local and foreign investors, developing a sustainable ecosystem for manufacturing, SMEs, and export-driven industries.
Similarly, the Permanent Secretary of the Ministry, Ambassador Nuru Rimi, reinforced the importance of the retreat as an opportunity to align the Ministry’s goals with the administration’s economic agenda.
“This retreat is a platform for reflection, innovation, and execution. Our goal is to craft a growth model that fosters industry expansion, technological innovation, and economic resilience. The conversations we have here must translate into concrete actions that will shape Nigeria’s economic trajectory in 2025 and beyond,” he remarked.
As the retreat progresses over the next two days FMITI leadership and its agencies will finalise a clear execution plan to ensure measurable progress in industry, trade and investment policies.
