The container ship MSC Samantha of the Meriterranean Shipping Company is docked at the Apapa Port Complex in Lagos, Nigeria’s economy hub (Photo by PIUS UTOMI EKPEI / AFP)
Before I delve further into the details of our ongoing efforts in the Federal Ministry of Industry, Trade and Investments in the delivery of our mandate, I would like to revisit some fundamental challenges facing our nation today in order to provide the context for some of the major economic initiatives we are implementing at the Federal Government level.
Nigerian economy: Learnings from the past – Our challenges and accomplishments
As many of you may know, the Nigerian economy received much attention and was recognised as one of the fastest-growing economies in the world between 2010 and 2014. Yet when oil prices fell in 2014, the economy contracted and eventually slipped into a recession by 2016. The economy recovered from the recession and we witnessed eleven quarters of consecutive GDP growth since exiti
Abuja Sewage Treatment Plant runs on generators for 13 years
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By Emma Ujah, Abuja Bureau Chief
Residents of Abuja, the nation’s capital face a possible outbreak of an epidemic that could spell doom, if the Federal Capital Territory Sewage Treatment Plant, located at Wupa District is allowed to collapse.
The plant which was designed to treat the sewage from phases one, two and three of the Federal Capital City (FCC) is currently working at only about 25 per cent installed capacity due mainly to inadequate power supply and low sewage inflow.
Vanguard investigations showed that the plant which was commissioned by the then President Olusegun Obasanjo, has been running on generators since inception. The generators which were meant to be stand-by electricity sources now provide power for the plant 24/7.
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Going forward, we will develop a robust plan to actualise the Executive Order, especially with regard to sanctions for non-compliance. We will also engage other MDAs to solicit support for the Made-In-Nigeria campaign. We will collaborate with the Bureau of Public Procurement to publish a catalogue of locally produced goods as well as monitor compliance as our contribution to achieving this goal.
In addition, as part of the industrialisation march, there are also several industrial policies expected to be finalised this year, including the Cotton, Textile and Garment Policy, the Oil Palm Policy, as well as the passage of the Automotive Industry Development Bill, to name a few. This will lay out strategies including incentives to ensure self-sustainability in critical sectors. We believe that the implementation of these industrial policies should create over 700,000 jobs with about 207,000 from the garment industry, 12,000 seasonal
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A prosecution witness on today told the High Court of the Federal Capital Territory (FCT) that the Secretary to the Government of the Federation (SGF) inadvertently did not approve consultancy contract for a company a former SGF, Babachir Lawal, is said to have an interest.
The witness, Hamza Adamu Buwai, who was the Head, Finance and Account of the Presidential Initiative on North East (PINE), stated this while testifying before Justice Charles Agbaza, sitting at Jabi, Abuja, in the alleged contract fraud charge brought against the former SGF and five others by the Economic and Financial Crime Commission (EFCC).
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