Enelamah explains FG’s moves on economic diversification

The Minister of Trade, Industry and Investment, Mr Okechukwu Enelamah, on Tuesday said the Federal Government was following the guidelines of the policies around sectors with “comparative or relative advantage” to diversify the economy.

Speaking on Channels Television programme Sunrise Daily he said, “These sectors range from agro-processing, where we are making sure that all the input materials, be they capital equipment or raw materials, have concessions.

“The only thing is that the concessions were abused in the past. So the work right now is to make sure that the genuine ones get it and that’s an important difference”.

He further said that as these policies are implemented with more rigour, discipline and clarity, “you will create a better economy going forward”.

According to him, the President has directed that a Presidential Business Environment Enabling Council, Chaired by the Vice President, is set up, which will be focused majorly on ease of doing business and making Nigeria more attractive.

He noted, “Nigeria has been sliding in terms of the Ease of Doing Business Index of the World Bank to the point where we are rated 169 out of a little over 180 countries”, promising that this administration will reverse the trend.

“But there are specific things to do, which we are doing, and those things will lead to a difference. There is a Presidential Council, which is inter-ministerial and we are meeting on it and we are going to use the National Investment Promotion Commission (NIPC) as a secretariat and I am confident you will see the results.

“We are going to work with the private sector, we have identified a private sector lead that will be announced soon that is going to be the head of this whole Ease of Business Enabling Environment Forum.

“We have identified someone who led it in another country; Georgia, who is the former Prime Minister, who has come to help us”, insisting that “there are several things that we have done, which when we roll out, I am confident we will get the results” maintained.

He noted that the government expects to improve by 20 points after a year and move to within the top 100 at the expiration of President Muhammadu Buhari’s term in 2019.

Enelamah is of the view that if the country should focus on bettering the Ease of Doing Business, things will change for the better, nothing that it is a process and urged Nigerians to be patient, because there are so many challenges to be addressed.

The Minister further noted that the government was giving priority to giving the country’s airports a better look.

“Our commitment to you is that you are going to see it all rolled out over the next few weeks. The entry process is one plank of what we are doing, in terms of visas, arrival and departure experience all that will change for the better”, he said.

He, however, noted that the time frame should not be of importance but “the important thing is that it should be done and what is worth doing is worth doing well and that is what we are doing”.