Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has stated that the Tinubu administration’s targeted efforts in power, infrastructure, and ease of doing business have restored investor confidence and halted the mass closure of industries in Nigeria.
Speaking on the progress made within the past year, Minister of State for Industry, Trade, and Investment, Uba Maigari Ahmadu Enoh, emphasized that the government’s reforms are actively reversing the factors that previously drove industries out of the country.
“All those challenges and problems were the reasons why industries closed shops and left,” Enoh said. “We had a thematic area on power, infrastructure, affordable short-term finance, bureaucratic bottlenecks, and ease of doing business all of these things we are tackling.”
He said the renewed confidence in the current administration has not only halted the exodus of industries but also encouraged growth and reinvestment. “I can assure you that the kind of confidence this government has brought has stopped the closure of industries and is doing more to restore confidence,” he added.
Enoh further explained that President Bola Tinubu’s understanding of the sector’s importance led to the appointment of a dedicated minister specifically for industry, rather than consolidating it under one trade and investment portfolio.
He claimed that in the two years since the Tinubu administration began, there have been no new reports of companies shutting down or relocating. “The confidence of industry owners has been boosted,” Enoh insisted, “and more efforts are underway to ensure that businesses are protected.”
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has stated that the Tinubu administration’s targeted efforts in power, infrastructure, and ease of doing business have restored investor confidence and halted the mass closure of industries in Nigeria.
Speaking on the progress made within the past year, Minister of State for Industry, Trade, and Investment, Uba Maigari Ahmadu Enoh, emphasized that the government’s reforms are actively reversing the factors that previously drove industries out of the country.
“All those challenges and problems were the reasons why industries closed shops and left,” Enoh said. “We had a thematic area on power, infrastructure, affordable short-term finance, bureaucratic bottlenecks, and ease of doing business all of these things we are tackling.”
He said the renewed confidence in the current administration has not only halted the exodus of industries but also encouraged growth and reinvestment. “I can assure you that the kind of confidence this government has brought has stopped the closure of industries and is doing more to restore confidence,” he added.
Enoh further explained that President Bola Tinubu’s understanding of the sector’s importance led to the appointment of a dedicated minister specifically for industry, rather than consolidating it under one trade and investment portfolio.
He claimed that in the two years since the Tinubu administration began, there have been no new reports of companies shutting down or relocating. “The confidence of industry owners has been boosted,” Enoh insisted, “and more efforts are underway to ensure that businesses are protected.”
