• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace…

      Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

      Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

      Customs and the “National Single Window” Project

      FG Earmarks N13bn to Boost Power Infrastructure in Lagos, Ogun

      Centre for Crisis Communication, CCC,

      CCC Reviews Keyamo’s Crisis Management in Aviation Disputes

  • National
    • Flood

      Flood Alert: Heavy Rains Threaten 7 Nigerian States this Weekend August…

      Officers of NCS as it rounds off its Strategic Reputation Management Campaign in Zone 'D', Bauchi

      Customs Consolidates Reforms as Reputation Campaign Wraps Up in Zone ‘D’

      CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

      Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau…

      Army soldiers security

      Mattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon…

      ACF

      Arewa Consultative Forum Engages Influencers to Amplify Northern Identity

    • Government
      • CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

        Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau…

        ACF

        Arewa Consultative Forum Engages Influencers to Amplify Northern Identity

        FG, States, LGs Share N2.001trn for July, Says FAAC

        FG Unveils Personal Income Tax Calculator Under New Reform Laws

        Saudi Arabia Conducts Life-Saving Cardiac surgeries in Kano

        Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

  • Security
    • The eliminated terrorists and their weapons

      OPHK Troops Neutralize Scores of Terrorists in Borno and Yobe States

      Police Neutralise Kidnappers, Arrest Suspects, Recover Arms in Nationwide Crackdown

      Police Officer

      Police Raid Bandits’ Camps, Recover Arms, Arrest Suspects in Benue

      Flood

      Flood Alert: Heavy Rains Threaten 7 Nigerian States this Weekend August…

      NAF Eliminates Over 35 Terrorists at Assembly Point Near Cameroon Border

  • Features
    • CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

      Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau…

      Army soldiers security

      Mattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon…

      The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

      Ribadu and the fall of Ansaru By Senator Iroegbu

      Fixing the Fault Lines in Nigeria’s Culture of Recognition, By Mukhtar…

      How Desperation Turns Nigerian Job Seekers Into Scam Targets By Tahir…

  • State
    • The eliminated terrorists and their weapons

      OPHK Troops Neutralize Scores of Terrorists in Borno and Yobe States

      Police Neutralise Kidnappers, Arrest Suspects, Recover Arms in Nationwide Crackdown

      Police Officer

      Police Raid Bandits’ Camps, Recover Arms, Arrest Suspects in Benue

      Nigerian Navy Personnel

      Navy Dismantles Illegal Refining Site in Bayelsa

      ACF

      Arewa Consultative Forum Engages Influencers to Amplify Northern Identity

  • Event
    • President Bola Ahmed Tinubu

      His Death is a National Loss, Tinubu Mourns Emir of Zuru

      Umar Lauya

      Umar Lauya Declares Candidacy for NYCN Presidency, Vows to Unite and…

      The Executive Secretary/CEO of the National Sugar Department Council (NSDC), Mr. Kamar Bakrin (L), with the CEO of Legacy Sugar Company, Alh. Abubakar Isa Musa (R), during the signing ceremony.

      NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of…

      Regional Vice President Western and Central Africa at the World Bank, Mr Ousmane Diagana pays a courtesy visit to Baze University

      World Bank Vice President visits Baze University, Commends Educational Standards, Assures…

      NIPR President Ike Neliaku and a recently inducted PR professional from Kano

      PHOTOS: NIPR Inducts 80 New PR Professionals in Kano to its…

    • PR Nigeria Award
  • E-Paper
Home Economy Investors in Critical Sectors to Enjoy Incentives
  • Economy
  • National

Investors in Critical Sectors to Enjoy Incentives

By
Akpandem James
-
February 8, 2017
The Federal Government will provide incentives and the necessary logistics support to investors whose areas of interest are in the development of the agriculture and energy sectors as well as industrialization.
These are also the major execution priority areas of the Economy Recovery and Growth Plan (ERGP) being developed by Government to get the country’s economy out of recession and put it on a path of growth and sustainable development. 
Senator Udoma Udo Udoma, the Minister for Budget and National Planning, told a group of foreign investors coordinated by the Renaissance Capital Group, on Tuesday in Abuja, that although government will appreciate investments in any sector of the country’s economy, emphasis of government for now is on areas that will lay a solid foundation for self sufficiency in food production and raw materials’ provision, power and petroleum resources development as well as industrialization.
The Minister explained that these three, coupled with massive infrastructure development, will give the economy a head start towards growth and sustainability as agriculture will not only provide food security but also raw materials to feed local industries; and in the process reduce demand on foreign exchange on imported raw materials.
Investment in the energy sector will boost the economic well-being of the country as power is a major driver of industrialization. Investment in industrialization especially using local raw materials will have a ripple effect on all sectors of the economy including aiding the growth of small businesses, enhancing the agriculture value chain and providing expertise to small businesses, he added.
He said government was committed to achieving the proposals of the recovery and growth plan through the Ease of Doing Business initiative and by assisting investors with necessary incentives which will be tied strictly to performance and results rather than on intentions, as has been the case in the past.
The Plan, he said, is rooted on the core values that define the Nigerian system including discipline, integrity, dignity of labour, social justice, self reliance, and patriotism, among others.
The Minister of State in the Ministry, Mrs Zainab Ahmed, said the recovery and growth plan is focused on private sector-led transformation; and is looking to develop critical infrastructure with provision for concessioning of airports and seaports. She added that in furtherance of these, the 2017 Budget made clear provisions for infrastructure projects towards achieving the objective.
She also pointed out that there are some cross-cutting issues which will have to be addressed to ensure the realization of the three execution priorities. These she listed to include vigorous and well-planned strategies, right level of human capacity and policy reforms that will improve the level of transparency and accountability in government business.
The Chief Executive Officer of Renaissance Capital in Nigeria, Mr Temi Popoola, said the initial encounter he had with operators of the current administration left him with the impression that there was an appreciation of the fact that there is a huge task at hand, but he was also confident that there was a corps of capable hands to tackle the challenges.  
According to him, he has also noticed a sense from government to own up to challenges, which is a big departure from the past which tended to cover things up. “We’ve seen a lot more of honesty to the scale of problems and challenges at hand”.
The group which had earlier visited the Central Bank of Nigeria, Ministry of Finance and Ministry of Trade, Industry and Investment, was in the Ministry to find out details on economic issues that government is facing and plans for tackling them, so as to enable the group make informed investment decisions.
 
Signed
Akpandem James
Media Adviser to the Hon. Minister
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Mr Temi Popoola
  • Mrs Zainab Ahmed
  • Udoma Udo Udoma
Previous articleCourt Adjourns for Ruling on Shema’s Application
Next articleFG to Implement Economic Resolutions
Akpandem James
Akpandem James
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace for Africa’s Infrastructure Push

Flood

Flood Alert: Heavy Rains Threaten 7 Nigerian States this Weekend August 24-24

Officers of NCS as it rounds off its Strategic Reputation Management Campaign in Zone 'D', Bauchi

Customs Consolidates Reforms as Reputation Campaign Wraps Up in Zone ‘D’

CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau A. Shuaib

Army soldiers security

Mattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon Aremu Abiodun

ACF

Arewa Consultative Forum Engages Influencers to Amplify Northern Identity

Delegations Arrive Abuja for Inaugural African Defence Chiefs Summit

Troops of Operation FANSAN YANMA

Troops Neutralise 7 Bandits, Recover Motorcycles in Katsina

Rotimi Pedro, Karimah Bello, Stella Din Jacob, Sophia Essahmed

PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors

FG, States, LGs Share N2.001trn for July, Says FAAC

FG Unveils Personal Income Tax Calculator Under New Reform Laws

ACF

ACF Decries Worsening Insecurity in the North

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • OPHK Troops Neutralize Scores of Terrorists in Borno and Yobe States
  • Police Neutralise Kidnappers, Arrest Suspects, Recover Arms in Nationwide Crackdown
  • Police Raid Bandits’ Camps, Recover Arms, Arrest Suspects in Benue
  • Arewa Economic Forum Chairman Loses Mother
  • Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace for Africa’s Infrastructure Push
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
OPHK Troops Neutralize Scores of Terrorists in Borno and Yobe StatesPolice Neutralise Kidnappers, Arrest Suspects, Recover Arms in Nationwide CrackdownPolice Raid Bandits’ Camps, Recover Arms, Arrest Suspects in BenueArewa Economic Forum Chairman Loses MotherLuanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace for Africa’s Infrastructure PushFlood Alert: Heavy Rains Threaten 7 Nigerian States this Weekend August 24-24NAF Eliminates Over 35 Terrorists at Assembly Point Near Cameroon BorderPolice Arrest 65-Year-Old Arms Trader, Suspected Chinese Illegal Miner in AnambraCustoms Consolidates Reforms as Reputation Campaign Wraps Up in Zone ‘D’Navy Dismantles Illegal Refining Site in BayelsaIs Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau A. ShuaibMattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon Aremu AbiodunArewa Consultative Forum Engages Influencers to Amplify Northern IdentityMan, 65, arrested for illegal arms deal in Anambra - PoliceDelegations Arrive Abuja for Inaugural African Defence Chiefs Summit
X whatsapp