Nigerian Government to Partner With State Govts to Boost Investment

The Ministry of Trade and Investment will be partnering with state governments in the country to boost both local and foreign investment.

Minister of Trade and Investment, Dr. Olusegun Aganga, said his Ministry will collaborate with the state governments in the quest to ensure an enabling environment for investors to come into the country.

The Minister stated this when he received in audience the Executive Governor of Anambra State, Mr. Peter Obi, in Abuja. He pointed out that his Ministry is the main driver of the economy and will ensure that the productivity of local industries in the country are enhanced by providing the enabling environment.

According to him, “this will involve the Ministry working closely with State governments and partnering with them to identify their comparative advantages in order to provide enabling environment for businesses.”

He said the Ministry is going to drive the economy by growing and supporting the Small and Medium Enterprises (SMEs) sector. “We will make sure that the sector is blossomed. This is the sector that creates jobs and employed most people in any part of the world.”

He acknowledged the role played by the state governments in the creation of the National Sovereignty Funds and urged the states to continue to support the activities of the Ministry.

Aganga stressed the need to share best practices across the states and assured that whenever the ministry or federal government will be embarking on investment drive abroad to bring investors to the country state government will be contacted to send their representatives to join in the journey.

The Minister noted that the Ministry has a lot of work to do in the area of trade and investment and promised to partner with states in all its activities especially in the process of enhancing the productivity of the existing businesses towards contributing more to the Gross Domestic Product (GDP) of the country.

Earlier, Governor Obi had said that the Ministry has a major role to play in attracting investments into the country in order to achieve Vision 20:2020. He added that his state will continue to consult and work closely with the Ministry to facilitate direct investment to the State.

In his words, “We cannot talk about trade and investment without mentioning Anambra State in the country. The Ministry should be home for Anambra people”.