The Minister of Industry, Trade and Investment, Doris Uzoka Anite has attributed the launch of the first trade and investment policies (2023- 2027) as one of the key achievements of the ministry in the last one year.
The Minister who gave the indication at the Sectorial briefing to mark the first anniversary of President Tinubu’s administration said the policy documents marked the beginning of a new era in Nigeria’s investment climate.
She expressed optimism that both frameworks stimulate domestic investment and business environment in order to position the country as one of the world’s preferred investment destinations.
Anite further reeled out other achievements to include a $30bn investment commitments from foreign investors.
The Ministry’s efforts to support industrialization including the 200-billion-naira presidential palliatives to businesses as well as improvement in industrial clusters, introduction to Compressed Natural Gas (CNG) Initiative, and Job Creation initiatives were also highlighted by the Minister.
She however raised concerns that despite the achievements recorded in the first 365 days of the present administration, the ministry is still addressing challenges of infrastructural deficits, bureaucratic bottlenecks, and regulatory complexities.
