Tuesday, 5 February 2013

Budgets’ll be tailored to encourage manufacturing – Jonathan

Jonathan and ngozi Okonjo-Iweala


President Goodluck Jonathan on Monday said the country’s budget for the next two years and probably beyond 2015 would be tailored in a way to encourage the manufacturing sector.
He said the decision was based on his administration’s conviction that the nation could not improve its economic performance without encouraging the private sector, especially the manufacturing arm.
Jonathan spoke while inaugurating the 18-member Board of the National Competitiveness Council of Nigeria chaired by the Minister of Trade and Investment, Mr. Olusegun Aganga.
The council is saddled with the task of increasing productivity and sales for local businesses, and will see to the expansion and creation of more markets for products made in Nigeria.

Jonathan said, “We believe that without encouraging the private sector, especially the manufacturing sector, we cannot get out of our economic position no matter how we struggle to produce primary produce, they will not create enough jobs for this country.
“That is why for the next two years and may be beyond 2015, Nigerian budgets will be geared towards encouraging the manufacturing sector in this country.”
Members of the board include the President, Manufacturers Association of Nigeria, Chief Kola Jamodu; President, Dangote Group, Alhaji Aliko Dangote; Director-General, Nigeria Economic Summit Group, Mr. Frank Nweke (Jnr.); Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu; and Ms. Funke Adekoya (SAN).
Others are Prof. Esogbue Augustine, Ms. Ike Yvonne; and Publisher, BusinessDay, Mr. Frank Aigbogun.
The move is aimed at increasing productivity and sales for local businesses, and will lead to expansion and creation of more markets for made in Nigeria products.

PUNCH

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