Fidelity bank card banner Camano banner
FG woos Japanese firms, dangles Special Economic Zones

By News Express on 30/03/2017

Views: 1,109

•Senator Udo Udoma.
•Senator Udo Udoma.

Japanese companies are invited to take advantage of the various business opportunities that will be presented by the Special Economic Zones being established in various parts of the country.

The zones which will serve as manufacturing hubs will have the necessary infrastructural facilities to support the country’s industrialisation drive.

Budget and National Planning Minister, Senator Udoma Udo Udoma, told the Japanese Ambassador to Nigeria, Mr. Sadanobu Kusaoke, who visited him in Abuja that the Federal Government will grant incentives to encourage investments in the priority sectors listed in the recently released Economic Recovery and Growth Plan of the Federal Government.

He said the plan is focused on achieving macroeconomic stability, transforming agriculture, driving sufficiency in energy, improving transportation infrastructure and growing industrialisation with attention on small and medium scale enterprises.

According to him, implementation is paramount in the realisation of the Plan’s objectives, therefore attention will be on prioritising the identified strategies, establishing a clear system of accountability, allocating resources to prioritised interventions, creating an enabling policy and regulatory environment and developing an effective monitoring and evaluation system to track progress.

The Plan, he explained, is driven by some fundamental principles, including a focus on tackling constraints to growth; leveraging the power of the private sector and promoting national cohesion and social inclusion as well as allowing markets to function.

“We believe in using the markets to drive the engine of the economy and allowing markets to work,” the Minister said, according to a statement by his media Adviser, Akpandem James.

The Japanese Ambassador was told that already things are beginning to look up in the Nigerian economic space, pointing to the gradual reduction in the rate of inflation, the economy which has stopped contracting and the narrowing in the gap between the official and parallel market exchange rates.

The Minister said government is focused on transforming Nigeria from a consuming nation to a producing nation; and that requires working closely with development partners for necessary support, especially in the area of technology.

He was delighted at the information that a delegation of Japanese businessmen will be in Abuja on May 4, to explore more areas of investments and partnerships.

He acknowledged the Ambassadors efforts in promoting Japanese interest in the country as well as his country’s support in humanitarian assistance and other areas.

Ambassador Kusaoke in turn observed that Nigeria’s economic trajectory has been trending upwards recently and disclosed Japanese companies’ interest in investing in new areas and expanding existing ones in Nigeria’s business sector, listing a number of companies that are already investing in Nigeria.

He pledged his country’s continued support for the Nigerian economy, funding of more development projects as well as providing humanitarian support and social stabilisation in the North East and the Lake Chad region.

Source News Express

Posted 30/03/2017 2:18:08 PM

 

 

CLASSIFIED ADS

 

You may also like...
Nigeria’s online travel booking space in search of...

BREAKING: Anambra State Speaker impeached

Shallow grave found in Lagos pastor’s home

Court remands 4 for defiling, impregnating 15-year-old girl...

DSS scuttles Dasuki’s trial again

Hold Secondus responsible for breach of peace in...

Saraki clears the air on alleged hidden assets...

Council on Industry, Trade and Investment begins 4-day...

Suspected herdsmen launch fresh attacks in Benue, kill...

Tony Rapu: More than a Pastor, By Segun...

Group insists on plot to impeach Imo Deputy...

Censors Board warns against hate on social media...

 

Latest News 10 go blind after injection at Kaduna hospital Ministerial List: APC chairmen lobby Buhari Jostling begins for N10b National Assembly supply contracts Buhari not the problem of Nigeria — Apostle Moses ‘Niger Delta Republic’: Inside story of how June 1 proclamation was scuttled •The alarm at Presidential Villa BNYL slams Ohanaeze for begging for SGF position Why it would be suicidal to ban okada in Nnewi — MUTN boss NASS: Legislative aides upbeat as they await N8b severance benefits Seven die while cleaning hotel sewer Nigeria, one of least peaceful places on earth — Survey Thousands of youth rally to advocate for quality education EFCC launches probe as convicted pension thief disappears

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (494,025 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,263 views) Shameless Genevieve Nnaji exposes breasts in public (365,010 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (311,606 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (275,979 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (243,855 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (233,752 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (215,681 views) 10 cars more expensive than Jets (212,201 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,232 views) Lagos plane crash: Journalist releases victims’ names (184,378 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (183,698 views)

 

NNPC Financial reports February 2019

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (92) Business & Economy (4,308) Business Verdict (73) Columnists (1,051) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (623) Features (759) Global Business Monitor (378) ICT Monitor (53) International (3,589) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (303) News (47,390) Opinion (1,260) Pidgin (17) Politics (11,017) Religion (1,021) Sports (2,041) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera