Ministry of Trade targets improved business environment

Toyin Odesomi, Lagos

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, speaking during the Town Hall meeting in Lagos. Photo credit: Samuel Okocha

The Minister of Industry, Trade and Investment, Okechukwu Enelamah says the Ministry is focused on creating an enabling environment for doing business in Nigeria.

Enelamah said this during a town hall meeting in Lagos to highlight the activities of the Ministry in the last one year under President Muhammadu Buhari’s administration.

The Minister said that creating conducive business environment was one of the surest ways to industrialisation which Nigeria was working to achieve.

Addressing blockages
He stressed that to create the enabling environment; government was working with other ministries in the area of infrastructure to ensure that all bottlenecks are addressed.

Enelamah stated that the Ministry was particularly working to improve on some of the global indices that are used to measure the ease of doing business in a country.

“ Nigeria has fallen on the rankings to 169 out of 189 countries but we’ve made a commitment as a government that we’re going to reverse that trend and before this government is over, we’ll be in double digits which means that we’ll be in sub hundred, even if we don’t get to be in top 10, we said we should reverse that trend which has been going on,” he said.

Industrial Revolution Plan
He disclosed that efforts were also on towards implementing the Nigeria Industrial Revolution Plan launched during the Goodluck Jonathan administration to put Nigeria on the path of industrialization.

According to the Minister, Nigeria had over the years done so much in the area of conceptualisation of ideas and it was time to effectively bring the ideas to reality.

“So what we want to do and what we want to be the legacy of this government is to be the first government that actually in a systematic way implement the Nigeria Industrial Revolution Plan,’’  Enelamah said.

Nigeria-China trade relations
Speaking on the recent visit of President Buhari to China and the various deals and agreements signed, the Minister said the Ministry would put in place systematic and deliberate procedures to actualize the deals to bring about results.

He said among other things, the trip further helped to address the issue of trade imbalance between China and Nigeria as well as emphasise on the government’s readiness to support investors coming into the country.