By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Catalyst MagazineThe Catalyst Magazine
Notification Show More
Latest News
Tottenham Hotspur Vs Arsenal (0 – 2) On 15th January 2023
SPORT
Chelsea Vs Crystal Palace (1 – 0) On 15th January 2023
SPORT
Big Brother Titans Starts 7pm Today, All You Need To Know And How To Watch
ENTERTAINMENT
Stop These Sexual Acts In 2023
LIFESTYLE
Kunle Afolayan’s ‘Anikulapo’ Tops Most Watched Movies On Netflix Naija 2022 
ENTERTAINMENT
Aa
  • Home
  • News
    • POLITICS
    • TECH
    • SPORT
    • ENTERTAINMENT
    • BUSINESS
    • LIFESTYLE
    • HEALTH
  • Magazines
  • Contact
Reading: FG reviews industrial revolution plan, to reflect AfCFTA, others
Share
Aa
The Catalyst MagazineThe Catalyst Magazine
Search
  • Home
  • News
    • POLITICS
    • TECH
    • SPORT
    • ENTERTAINMENT
    • BUSINESS
    • LIFESTYLE
    • HEALTH
  • Magazines
  • Contact
Have an existing account? Sign In
Follow US
The Catalyst Magazine > Blog > BUSINESS > FG reviews industrial revolution plan, to reflect AfCFTA, others
BUSINESS

FG reviews industrial revolution plan, to reflect AfCFTA, others

admin
Last updated: 2021/05/24 at 5:17 PM
admin Published May 24, 2021
Share
SHARE

Adeniyi Adebayo

The Minister of Industry, Trade and Investment, Niyi Adebayo, on Monday said the country’s Industrial Revolution Plan was being reviewed.

He said the revision was meant to ensure that the plan reflects economic realities, including the African Continental Free Trade Agreement, imminence of the fourth industrial revolution and climate change.

According to a statement by his Special Adviser, Ifedayo Sayo, the minister disclosed this in Lagos while inaugurating the first local content fluids and chemical solutions manufacturing plant in Nigeria.

The statement was titled, ‘FG reviews industrial revolution plan to reflect economic realities.’

The minister was quoted as saying that “The revision of the NIRP will provide a clear and definite path towards a new industrial aspiration, taking into cognisance our recent trade agreements and how we can take advantage of them; ensure a safer environment by adapting the policy to capture the global target of net zero emissions by 2050 and create job opportunities for Nigerians through increased production to leverage the wider market access provided by AfCFTA.”

The minister also reportedly said domestication of production and backward integration have been at the centre of the Federal Government’s industrialisation programme to drive intensive growth of the Nigerian economy.

He added, “They will increase local production, create job opportunities and improve our foreign exchange reserve position.

“It is, therefore, my pleasure to commission this manufacturing plant which will contribute significantly to the areas I just mentioned.

“I believe this will help in taking us steps ahead in our effort to diversify the economy and increase the contribution of the manufacturing sector to the GDP.

“Most especially, the plant will provide jobs to Nigeria’s workforce. It will also promote local content and save the nation the extra cost of importing the now locally produced input.”

You Might Also Like

Dangote to start exporting fertiliser to U.S., Brazil

June 19, 2021

Banks commence N6.98 USSD charge, customers kick

FIRS launches new tax returns platform

Forex: ABCON bans street hawking, moves to cut rate

admin May 24, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

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

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Popular News
SPORT

Chelsea Vs Crystal Palace (1 – 0) On 15th January 2023

admin admin January 16, 2023
Yahaya Bello Wins Sun Newspapper’s Governor Of The Year
Western wedding traditions sideline mother of bride, says Chimamanda Adichie
Davido, Funke Akindele, other stars who acquired luxurious cars in 2021
APC chieftain backs Ogun gov on infrastructure devt
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?