ILORIN (Ministry of Industry, Trade & Investment Report) – President Goodluck Jonathan has approved the fresh funding initiatives for the real sector of the Nigerian economy to address funding challenges by indigenous businesses and help speed up the nation’s industrial revolution drive.
The Minister of Industry, Trade and Investment, Olusegun Aganga disclosed this over the weekend in Ilorin, Kwara State when he paid a pre-commissioning visit to the Steel Cold Rolling Complex of Kam Industries Limited. He said that the Nigeria Industrial Revolution Plan had taken care of most of the concerns in the operating environment; noting that positive results were already being recorded, especially in terms of enhanced capacity utilisation in the manufacturing sector.
“We are almost there; we have consulted with you and other stakeholders in the industry. You have all contributed to the new measures and we are working on that already. The NIRP focuses on the enablers, one of which is to make sure that we have affordable finance to support the industries,” Aganga said. He intensified that Mr. President has already directed and set up a committee to look at that. Adding, the Bank of Industry is going to be a big player here.
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