Despite the troubles and difficulties faced by Nigerians in the country as a result of the current economic downturn, the Minister of Industry, Trade and Investment, Dr. Okechukwu Enalamah, yesterday, October 25th, assured citizens that evidence of the efforts by President Buhari’s administration to turn the tide will come as a surprise to Nigerians in the year 2017.
The minister said this while speaking to newsmen at the 8th Session of the National Council on Industry, Trade and Investment held in Abeokuta, Ogun State capital. He also noted that the Federal government is doing everything possible to end the present economic recession.
“You will start seeing result at the end of this year and early next year. As far as I am concerned, next year is a year of results. All the work we are doing will start yielding results from this quarter.
“The level of delivery in 2017 will surprise everybody. People may be saying we are not doing anything but it is impossible for a man to start broadcasting a plan we haven’t really put together well.”
Mr. Okechukwu Enalamah nevertheless, disclosed that the strategic focus of the ministry’s master plan for Diversification and Growth of the Nigerian Economy is: “Partnering with Private and Development Capital to Leverage and Catalyze Resources for diversification and growth.”
According to him, the challenge in every economy is that of infinite demands and finite resources. Therefore, with limited resources “the Diversification and Growth plan, otherwise known as the MITI Plan is based on a partnership with the private sector”.
The minister explained that considering the limitation on resources and low price of commodities, oil inclusive, it has become an urgent need to go into partnership with the private sector in order to leverage and catalyse resources and development capital.
He further revealed that the establishment of the Presidential Council on Ease-of Doing Business (PEBES) has received President Buhari’s approval, adding that “we, as Nigerians, must see the connection. The global perception is that this country is a tough environment in which to do business. We must change this negative perception. Positive perceptions will attract investors, capital, technology and best practices”.
Results of these efforts, Dr. Okechukwu Enalamah said, are already being seen at the Corporate Affairs Commission (CAC), a parastatal under the Ministry, with the 24-hour online registration of businesses.