Nigeria is seeking to turn more than $50 billion in investment commitments into actual factories, businesses and jobs as the government shifts focus from attracting investors to delivering economic output.
Jumoke Oduwole, minister of industry, trade and investment, said Nigeria’s priority was now “conversion”, ensuring that investment commitments, government policies and reforms translate into production, exports and enterprise growth.
Speaking at the 17th meeting of the National Council on Industry, Trade and Investment (NCITI) in Enugu on Wednesday, the minister said Nigeria’s next phase of economic reforms must focus on “conversion”, moving from policies and commitments to actual business expansion.
“Our priority this year as mandated by Mr President is conversion, turning our commitments, policies and reforms into scaling businesses through financing into production, and training into jobs and enterprise growth,” Oduwole said.
She added that competitiveness would determine whether Nigeria could transform its resources and investment opportunities into stronger
This post was originally published on this site.
