FG urges investment in youth, local industries to boost Nigeria’s economy
The Federal Government has called for increased investment in youth, small businesses, and technology to transform Nigeria from a trading to a value-chain Read More: https://punchng.com/fg-urges-investment-in-youth-local-industries-to-boost-nigerias-economy/
Federal Government urges investment in youth, small businesses, and technology to transform Nigeria into a value-chain economy. Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, highlighted the importance of public-private partnerships and mobilising resources from both domestic and foreign sources to create industries, generate employment, and enhance living standards.
He emphasized the potential of Nigeria's youthful population as a major asset for industrialisation, advocating for investments in human capital, innovation, and entrepreneurship. Enikanolaiye also stressed the need for reforms to make the Ministry of Foreign Affairs more responsive to Nigerians and foster stronger collaborations among governments, businesses, and the private sector.
ECOWAS President General Birame Diop emphasized the importance of industrialisation for job creation and regional trade, noting that intra-African trade currently accounts for only 15% of the continent's total trade.
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