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Home»General News»Ministry develops strategic plan to boost trade, investment
General News

Ministry develops strategic plan to boost trade, investment

NewsdeskBy NewsdeskFebruary 17, 2023Updated:February 17, 2023No Comments2 Mins Read
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The federal Ministry of Industry,Trade and Investment has drafted a roadmap to boost foreign investment and International trade in Nigeria.

The Permanent Secretary of the Ministry, Dr Evelyn Ngige, disclosed this in a statement in Abuja, at the end of a special retreat on the Strategic Plan in Abuja.

She said that the plan seeks to address several subsisting development challenges in the country some of which include low and fragile economic growth, insecurity, weak institutions, insufficient public service delivery, notable infrastructure deficits, climate change and weak social indicators.

She said the plan, which was in line with the National Development Plan will generate employment and reduce poverty as the Federal Civil Service Strategy and Implementation Plan (FCSIP 2021-2025).

She said that it would also to reposition the Nigeria Federal Civil Service as an effective machinery of government for improved service delivery.

“The role of government will go beyond normal provision of enabling environment to include qualitative participation of vital sectors of the economy that will open opportunities for the private sector to be a major engine of growth,’’ she said.

The official said that the Strategic plan was designed to guide stakeholders in achieving the mandate of promoting economic growth and development in Nigeria.

On the retreat, she said that the program aims to create a conducive platform for top management of the ministry and its parastatal.

She said that the idea was to discuss, brainstorm and provide input into the draft Strategic Plan of the ministry for five years, from 2023 to 2027.

The permanent secretary said they were meant to also come up with strategies for achieving the set targets.

“As a ministry, we have a crucial role to play in the economic development of our country, through the ministry and we must ensure that our plans align with the current National Development Plan.

“The ministry’s strategic plan will promote inter-Agency-Department collaboration and synergies through joint programmes and activities that will foster efficiency in achieving sectoral mandates.

“The National Development Plan (NDP 2021 – 2025) is the highest priority of the Federal Government which seeks to unlock all constraints to ensure that inclusive and sustainable economic growth is enhanced,’’

Foreign trade
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