Trade Minister: My plan for Job Creation, Investments
The Ministry of Industry, Trade and Investment is set to inaugurate a National Trade Intelligence Unit.
According to the Ministry, the aim is to predict Global Market Trends and enhance Local and Global Trading Capacities.
The Minister, Doris Uzoka-Anite, said this at the ongoing Ministerial Media Briefing on Friday in Abuja.
“With respect to Trade as a Tool to stimulate Economic growth, the Ministry is set to inaugurate the National Trade Intelligence Unit in collaboration with other Ministries, Departments and Agencies (MDAs) .
“Such as the Federal Ministry of Communications, Innovation, and Digital Economy, the Nigerian Customs Service, Ministry of Marine and Blue Economy, and the Central Bank of Nigeria (CBN)
“The Trade Intelligence Unit will be the National Coordinator and focal point for all trade related Data and Information in Nigeria.
“This Office is set to leverage World-Class Technology such as Artificial Intelligence, the Internet of Things, and Big-Data to provide Nigeria with the ability to predict Global Market Trends.
“That will enhance our Local and Global Trading Capacities, thereby, significantly enhancing Trade and the Ease of Doing Business in Nigeria, in line with President Bola Tinubu’s Eight Point Agenda,” she said.
According to Uzoka-Anite, this will equip Nigerian Traders with invaluable insights to navigate potential Global Economic Shocks and provide strategic Guidance to enhance our Economic growth.
She said it would enable the Traders to focus on Areas where Nigeria had a comparative advantage, thus leading to rapid Economic growth.
Reiterating the advantages of the Centre, she said it would, among other things, provide Nigeria with unparalleled, reliable Import and Export Information and Data, essential for effective Planning and Business Ease.
The Minister said that under her Stewardship, the Ministry had taken various major steps targeted towards stimulating the Economy and ensuring competitiveness.
“We are creating a National Job Centre to match available Vacancies in Industries and Businesses with available Talent Pool. The Job Centre will also train and equip People to be Job-ready.
“One such Initiative is the Skill-UP Artisans Programne (SUPA) led by our Parastatal, the Industrial Training Fund (ITF).
“Over a two-year period, the Programme aims to empower 10 million hard-working Nigerians, and reflects the Government’s commitment to promoting Economic Development and improving Citizens’ Standard of Living, and Job Creation,” she said.
According to Uzoka-Anite, the Ministry is also taking decisive steps to attract Capital Investments that will transform our homegrown Enterprises into Global Players.
She said all these were in furtherance of the 8-Point Agenda of the President Tinubu-led Administration.
The Minister acknowledged some of the prevailing challenges in the Sector, among which were Infrastructure deficits, Bureaucratic bottlenecks, and Regulatory complexities.
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Tinubu is Business-focused, Minister tells US Envoy
The Minister of Industry, Trade and Investment, Doris Anite, has reiterated President Bola Tinubu’s readiness to boost businesses in the Country.
Anite said this in a Meeting with the Charge d’Affaires of the U. S. Embassy Mr David Greenie, on Thursday in Abuja.
“As you know, the current Administration is Business-focused and is very big on making sure that we preserve and protect our Democracy.
“We try to preserve and protect our free Market System, support growth and Industrialisation, and support Economic Development through Trade Investment, whether its Local Investment or Foreign Direct Investment (FDI) .
“The Federal Government is doing all it can to make sure that all the different Sectors of the Economy is stimulated and catalysed to achieve the Mission,” she said.
According to the Minister, one of the big achievements recorded by the Administration is the support from the World Trade Organisation (WTO) and the World Bank.
She said the support was in the Area of Trade Facilitation, Standard Trade Development Facility, Technical and Financial support for Digital Trade.
Anite said other Areas were on Trade Intelligence Units, the development of the Cotton Industry, and the Technical Support, Capacity Development for the Nigeria Customs Service (NCS) .
The Minister said there was the need for the Country to be transformed.
Earlier, the Charge d’Affaires Greenie expressed the desire of his Governement to deliberate on the Private Economy System.
He said: “We work together as one Team that is a Foreign Commercial Service, a Foreign Agriculture Service, USAID Colleagues.
“I am joined here by two Colleagues from the Economic Team. We have the U.S. Trade and Development Agency in the Country.
“We have the World and Communist Corporation in the Country, and numerous other Agencies that we can reach back to in Washington, D.C.
“And we are eager to work together in all of those areas, so that we can look for opportunities to be in Trade, Investment, Commercial as well.”
Also speaking, the Permanent Secretary, Nura Rimi, said the aim of the Visit was to establish ways of fostering Trade Relations between Nigeria and the U. S.
Credit NAN: Texts excluding Headlines
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