African Center for Economic Transformation

The Nigerian government would continue to implement its economic reforms, and politics would not get in the way of this, Minister of Industry, Trade and Investment, Okey Enelamah, said Friday.

Speaking at the private equity summit in Lagos, the nation’s commercial center, the minister emphasized the importance of working together for the interest of the country.

Enelamh said there would be increased spending as a result of electioneering, hoping that the spending would not be wasteful, but help the economy.

According to him, the government is committed to “what it is doing now to sustain economic growth and development”.

On the multiple exchange rate, the minister said the worst was over, noting that the country had learned a lesson.

Enelamah told his audience that the investor and exporter window introduced by government brought increased supply and increased confidence.

He said government would continue to create an enabling environment that would create opportunities and make it easier for investors.

He added that the government would ensure effective implementation of the Economic Recovery and Growth Plan (ERGP) to boost Foreign Direct Investment (FDI).

Apart from ERGP implementation, the government would ensure a strong enabling environment, Enelamah said, noting that government would embrace the right policies and incentives as well as enabling infrastructure to attract investments.

Enelamah said government would also collaborate with the various arms of government and the private sector on ways to increase FDI in the country.

He said government would create special economic zones where people could invest or where industries could thrive, to boost investment.

According to him, government would also create the right environment for industries in areas with strategic advantage, for industries to grow. Enditem

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