FG, manufacturers raise $380m for industrial devt
The Federal Government and manufacturers have raised $380m to drive Nigeria’s industrial development, focusing on power, finance, and skills for local indu Read More: https://punchng.com/fg-manufacturers-raise-380m-for-industrial-devt/
The Federal Government and the Manufacturers Association of Nigeria (MAN) have raised $380 million under the Industrial Revolution Work Group (IRWG) to advance Nigeria's industrial agenda. The IRWG, co-chaired by Minister of State for Industry, Sen. John Enoh, and MAN President, Francis Meshioye, discussed a government-industry partnership to execute Nigeria's industrial policy during Technical Session 2.0 held in Lagos.
The group aims to float a N350 billion Micro, Small and Medium Enterprises Development Fund, train 400 young Nigerians in mechatronics, and certify 131 companies and 220 products for access under the African Continental Free Trade Area. Additionally, Enoh announced plans to break ground on an initiative to supply power to an industrial cluster in Madalla, Niger State, with Welbeck Electricity committing to achieve power supply by December.
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