President Tinubu to lead new presidential council on industrial revitalization

The Federal Executive Council (FEC) has granted approval for the establishment of the Presidential Council on Industrial Revitalization Roadmap, which will be chaired by President Bola Tinubu. This council will include ten subcommittees dedicated to various policy areas spanning multiple ministries and, notably, the Ministry of Industry, Trade, and Investment.

Doris Uzoka-Anite, the Minister of Trade, Industry, and Investment, revealed this development following the conclusion of the FEC meeting. The subcommittees will deliberate on a wide range of policies and frameworks across diverse government departments and agencies, all aimed at reinvigorating various industries.

As the Minister explained, “We have a plethora of policies, frameworks, and guidelines aimed at reinvigorating industries across these diverse ministries and agencies. We are mandated to collaborate and devise a unified roadmap for each of these subcommittees, all geared towards fostering a comprehensive resurgence of the national economy in accordance with Mr. President’s eight-point agenda.”

The overarching goal of this initiative is to stimulate industrial growth, with a particular focus on catalyzing the development of small and medium-sized enterprises (SMEs) within the broader industrial landscape. The government aims to significantly increase investment in various industrial sectors, leading to job creation and an improved GDP growth rate, with the hope of reaching approximately 7%.

President Bola Tinubu will play a crucial role in spearheading these efforts, aligning them with the broader national agenda.