Abuja, Oct. 16, 2023 – The Federal Executive Council (FEC) has approved the establishment of a Presidential Council on Industrial Revitalisation Roadmap.
The council will have 10 subcommittee with the president as the chairman.
Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, disclosed this to the State House Correspondents on Monday after the Federal Executive Council (FEC) meeting in Abuja.
“We have a lot of policies, frameworks and guidelines that should help revitalise the industries within these different ministries and agencies.
“We’re supposed to collaborate and come up with single roadmap for each of these subcommittees or each of these roadmaps.
“And that is actually geared towards developing the full industrial revival of the economy in line with the eight-point agenda of Mr. President.
“At the end of this, we expect to see a boost in investments coming into the different industrial sectors.
“We expect to see a boost in job creation and employment and a general increase in our indices, especially our GDP growth rates, which were said to be growing from 3.5% hopefully to 7% and the GDP base of about 1 trillion which is in line with Mr. President’s vision.
“It is actually because of how to actualise this that we came up with a roadmap to stimulate industrial growth, especially catalysing SMEs growth and in the whole industrial sectors.”
She listed the sub-committees to include: subcommittee on consumer credit, Subcommittee on commodity exchange, subcommittee on heavy industries and steel development and subcommittee on trade facilitation and ease of doing business.
Others are subcommittee on licensing and certification of artisans, subcommittee on trade facilitation and realization, subcommittee on mining and solid minerals, subcommittee on oil and gas and subcommittee on creative industries.”
The minister also noted that the council approved the constitution of the committee to review the Free Trade Zone setup. (GBN)
