Export-oriented economy: FG rolls out new initiatives

The federal government has rolled out plans for implementing new initiatives towards envisaging an export-oriented economy in few years ahead.

The federal government through the Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo disclosed this while making a presentation in London at the Nigeria Investment Showcase, Guildhall on Thursday.

In a statement signed by the minister’s Special Assistant on Media, Mr Julius Toba-Jegede, 

said the new initiatives includes; wholesale reforms, tailored investor incentives, bilateral agreements and  a pipeline of continuous opportunities.

According to him, investment opportunities are not limited to the development of six special zones, the establishment of several agro-processing zones and the development of a national trading platform.

He further explained that FG’s focus in the next decade is to build capacity for production and further support our service economy. 

“This requires prioritising local manufacturing and deploying large-scale capita in high-impact infrastructure projects, export-focused production, supply chain and logistics, market access and R&D.

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