The Federal Executive Council (FEC) granted its approval for the creation of the Presidential Council on Industrial Revitalization Roadmap.
This pivotal council will be under the leadership of President Bola Tinubu and will consist of ten subcommittees.
The announcement was made on Monday, with Minister of Trade, Industry, and Investment, Doris Uzoka-Anite, unveiling this development at the conclusion of the FEC meeting.
She elaborated that these subcommittees will be tasked with deliberating on a range of policies spanning multiple ministries, particularly within the Ministry of Industry, Trade, and Investment.
According to the Minister, “We have a plethora of policies, frameworks, and guidelines aimed at reinvigorating industries across these diverse ministries and agencies.
“We are mandated to collaborate and devise a unified roadmap for each of these subcommittees, all geared towards fostering a comprehensive resurgence of the national economy in accordance with Mr. President’s eight-point agenda.”
“At the conclusion of this effort, we anticipate an upsurge in investment across various industrial sectors.
“We also expect to witness a surge in job creation, bolstering employment figures and an overall improvement in our indices, particularly our GDP growth rates, projected to escalate from 3.5% to an aspirational 7%, with a GDP base of approximately 1 trillion, aligning with Mr. President’s vision.
“The impetus behind this initiative is our strategy to stimulate industrial growth, with a particular focus on catalysing the growth of small and medium-sized enterprises (SMEs) within the broader industrial landscape,” she emphasized.
