The Federal Government established that its focus is on improving access to power and infrastructure for manufacturers to improve Nigeria’s manufacturing capacity in Africa.
This was made known by Nigeria’s Trade Minister, Niyi Adebayo in an interview with Channels TV on Sunday.
He also stated that with Nigeria being 200 million of Africa’s 1.3 billion target market, the FG wants to make Nigeria the most attractive market to do business.
The Minister stated that the major challenge right now is security, and there is the issue of power and then, there is the issue of general infrastructure.
“There are also delays at the ports and things like that, we have been given and explaining what the government is doing to solve these problems.
With regards to power, we are aware that there is a power problem, so however, based on that, what we are doing is creating special economic zones and special industrial parks,” Adebayo said.
He added that the industrial parks would have embedded power, and all the infrastructure necessary, and what anyone setting up a factory needs to do is go into that industrial park, have power and infrastructure.
“Another thing we are doing is that many industries are setting up their power plants, and the FG is spending money with regards to setting up gas pipelines all over the country so that you can easily tap into the gas pipelines and access the gas and power your plants,” he said.
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