Address specific anti-investment activities- Minister tells FEC

The Minister of Industry, Trade and Investment, Richard Adeniyi Adebayo has called on the Federal Executive Council (FEC) to pass a resolution to address specific anti-investment activities.

In a press statement issued by the Special Assistant on Media, Mr Julius Toba- Jefferson made the call on Saturday in Abuja.

He said this was part of deliberations held with state governments at the recently concluded 11th National Council of industry, Trade and Investment held in Uyo Akwa Ibom State between 2nd and 5th of December.

He disclosed that he had also set up a delivery team in the ministry to fast track the attainment of its 2019-2023 roadmap under seven strategic work streams.

The Minister urged for effective collaboration with stakeholders to combat security issues and challenges facing investment drive in the country.

According to the statement, the Minister disclosed this when he met with members of the Presidential Economic Advisory Council (PEAC) led by Dr Doyin Salami at the Presidential Villa during a ministerial briefing with the council.

The Minister said setting up of the agencies at the state level in the likeness of the Nigeria Investment Promotion Commission (NIPC) at the federal level would help address investment and investor-related issues.

He also called “for the enforcement of all relevant agencies in the One Stop Investment Center which is housed in the Nigerian Investment Promotion Commission, (NIPC)”

He listed the work streams to include, Implementation of the Nigerian Industrial Revolution Plan (NIRP), Support the Growth of MSMEs, Improve MSMEs Market Access and Accelerate Investment in the Nigerian Economy.

Others according to him are: Facilitate Trade and Establish 21st Century Trade/Free Trade Agreements, Process Digitisation and E-Government Solutions and Anti-Smuggling Measures.

Adebayo who was accompanied to the meeting by his Minister of State, Ambassador Mariam  Yalwaji Katagum and top management staff of the ministry was commended by members of the presidential council.

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