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Ministry calls for proper funding of industrial plan

The Ministry of Trade and Investment, Friday, requested for adequate funding of Nigeria’s Industrial Revolution plan (NIRP) to improve economic development in the country.

The Ministry in a statement in Abuja after its retreat, said that proper funding for the plan would enhance growth and development for the economy’s core sector.

“There is the need for proper funding of infrastructural facilities that support the NIRP initiatives and “need for direct intervention between the Federal and State Governments access to land in the implementation of NIRP was imperative.”

Participants at the retreat resolved that the Industrial Council would be the apex body of the NIRP implementation as the council was expected to address salient issues regarding the NIRP implementation plan.

The members also said it is essential that the Nigeria-Export-Import Bank (NEXIM BANK) is strengthened via recapitalization of its capital base to meet the growing demand by stakeholders.

 

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Solomon Obende
Solomon Obende is a graduate of Public Administration from the prestigious Ambrose Alli University who is passionate about communications for development. He is proficient in crafting effective social media strategies. He listens to Jimmy Cliff's songs daily.

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