The Federal Government has called for increased investment in youth development, small businesses and technology, alongside stronger public-private partnerships, to transform Nigeria from a trading nation into a value-chain economy.
The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, made the call while speaking on a panel themed “From Trade to Value Chains: Building Regional Industries to Compete Globally” at the 32nd Nigerian Economic Summit, held under the sub-theme, Invest Nigeria.
In a statement issued on Tuesday and signed by the Minister’s Special Assistant on Digital Media and Public Diplomacy, Raphael Oni, Enikanolaiye said government alone could not mobilise the resources required to drive economic growth.
He stressed the need to attract investment from both domestic businesses and foreign sources to build industries, create jobs and improve Nigerians’ living standards.
The minister said Nigeria needed to deepen collaboration between the government and private sector to develop local industries capable
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