FG reiterate Commitment on rejuvenating NIRP
The Federal Government on friday reiterated her commitment to revamping Nigeria’s Industrial Revolution Plan (NIRP).
The trade fair, which is being promoted by the Lagos Chamber of Commerce and Industry (LCCI), will be on till Dec. 13.
The fair, the 34th edition, is holding both physically at the Tafawa Balewa Square (TBS) in Lagos, and virtually.
President Muhammadu Buhari while speaking at the opening ceremony of the 2020 edition of the Lagos International Trade Fair, said “We are currently revamping the NIRP with a focus on driving backward integration and increasingly domesticating production of key products, especially sugar, dairy, palm oil, cotton, textiles and garments, automobiles and cassava starch.
“We are also to concession two Brownfield Special Economic Zones (Kano and Calabar) while commencing work on developing four additional Greenfield sites across the country.”
Represented by the Minister for Industry, Trade and Investment, Mr Niyi Adebayo, the president nored that the challenges posed by the COVID-19 pandemic had made it imperative to accelerate the growth of the industrial sector.
According to him, the government is also facilitating trade and maximising the benefits of international trade through multilateral trade relations with other countries.
He said the Nigerian Export Promotion Council (NEPC) was working assiduously to boost the country’s non-oil sector revenue and had rolled out export policies for 22 major products that could generate up to US$30 billion annually in foreign exchange.
“To boost our trade activities and prospects, we must support locally manufactured goods.
“It is in this regard; our government signed the Executive Order 003 in 2017 and several campaigns have been launched to create necessary awareness and momentum” Buhari stated .