• 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
    • PRNigeria Fellows and CEO IMPR Yushau A Shuaib

      PRNigeria Fellowship: A Model for NIPSS Kuru

      Africa’s Economic Ties Deepen as Nigeria, Benin Sign Joint Trade Plan

      Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

  • National
    • Troops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs…

      Group photograph of Staffs of VON and representatives from RATTAWU

      We are Here to Fix The Voice of Nigeria as A…

      PRNigeria Fellows and CEO IMPR Yushau A Shuaib

      PRNigeria Fellowship: A Model for NIPSS Kuru

      Peter Obi

      Peter Obi Reaffirms One-Term Presidential Vow, Says “My Word Is My…

      Nigerian Police Force

      PSC Denies Police Recruitment, Warns Against Fraudulent Online Claims

    • Government
      • Secretary State Government Alhaji Umar Farouk Ibrahim receives report on Commissioner alleged role in drug baron bail

        Kano Govt Receives Report on Commissioner’s Alleged Role in Drug Baron’s…

        Group photograph of Staffs of VON and representatives from RATTAWU

        We are Here to Fix The Voice of Nigeria as A…

        The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin (L), receiving the President of the All Farmers’ Association of Nigeria (AFAN), Dr Farouk Rabiu Mudi (R), who led a delegation to pay him a courtesy visit in his office.

        Why Investments in Local Sugar Production is Profitable Now – NSDC…

        Kemi Badenoch

        Kemi Oomoale Badenough: A Liar By no Other Name by Chief…

        Peter Obi

        Peter Obi Reaffirms One-Term Presidential Vow, Says “My Word Is My…

  • Security
    • Rivers Police Arrest Suspects in Lawyer’s Murder, Recover Weapons

      Police Officer

      Police Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents,…

      Troops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs…

      PRNigeria Fellows and CEO IMPR Yushau A Shuaib

      PRNigeria Fellowship: A Model for NIPSS Kuru

      Nigerian Police Force

      PSC Denies Police Recruitment, Warns Against Fraudulent Online Claims

  • Features
    • Kwankwaso, Northern Nigeria and the Politics of Marginalisation

      Kemi Badenoch

      Kemi Oomoale Badenough: A Liar By no Other Name by Chief…

      DSS, NNPCL and EFCC

      NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute…

      Tinubu’s Greek gift by Festus Adedayo

      CG Customs Bashir Adewale Adeniyi

      Customs Just Wrote Nigeria’s Energy Rulebook

  • State
    • Secretary State Government Alhaji Umar Farouk Ibrahim receives report on Commissioner alleged role in drug baron bail

      Kano Govt Receives Report on Commissioner’s Alleged Role in Drug Baron’s…

      Rivers Police Arrest Suspects in Lawyer’s Murder, Recover Weapons

      Police Officer

      Police Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents,…

      Troops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs…

      Prof Pate donates laptops to UNIMAID

      Prof Pate donates 20 Laptop Computers to UNIMAID

  • Event
    • Prof Pate donates laptops to UNIMAID

      Prof Pate donates 20 Laptop Computers to UNIMAID

      D'Tigress Basketball team

      Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th…

      The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

      Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

    • PR Nigeria Award
  • E-Paper
Home Government Government Launches First Nigerian Annual Trade Policy Report, Says it Serves...
  • Government

Government Launches First Nigerian Annual Trade Policy Report, Says it Serves to Boost Economy- Enelamah

By
Enechojo Josephine
-
February 28, 2018

Government launches first Nigerian Annual Trade Policy Report,
says it Serves to Boost Economy- Enelamah
The Honourable Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has launched the maiden edition of ‘2017 Nigerian Annual Trade Policy Report’ (NATPOR) during a press conference held in the Ministry, today, 27th February, 2018.
The Minister disclosed that the launch is an expression of Federal Government’s commitment to ensuring that trade and associated policies such as investment policy “serve as drivers for modernization, diversification, growth, development and job creation, which spy into Federal Government’s broad agenda of economic recovery plan and also the Nigerian Industrial Revolution plan.”
The Minister emphasized the significant role of trade towards growth and job creation in the economy. He disclosed that the statistics jointly produced by the Bureau of Statistics and Nigerian Office of Trade Negotiation (NOTN) in the period under review, that is, the Third Quarter of 2017 trade activities, import and export employed over 14% of Nigerian work force which is equivalent of about 10.8 Million people and 18% contribution to GDP next to Agriculture, which is 29.1%.
Dr. Enelamah pointed out that though the overall value of trade declined in 2014, but it has since rebounded back 2016, which necessitated the theme of this year edition of NATPOR which is “Trade for Modernization, Growth and Job Creation.” This, again he said is central to the Muhammadu Buhari’s Government’s growth agenda. “We are really focused on growth and modernization of our economy which are diversification and job creation”, said the Minister.
The Minister further disclosed that the report contained trade statistics that will be used to monitor, assess and re-negotiate Nigeria’s trading relationship with our trade counterparts. “These statistics shall be updated quarterly”, said the Minister.
The Minister also disclosed that “the launch of the report comes at a strategic moment and shows calculable progress and identity exciting opportunities in the economy for business. “The longstanding challenges in the Nigerian economy are being addressed. In the Second Qjuater of 2017, Nigeria exited five successive quarters of economic recession. Recovery and growth are now underway”, said Dr Enelamah.
According to the Minister, “Patience is required for the positive yields from corrective reforms to serious and longstanding economic and trade policy anomalies. Despite the effects of policy lag, the good news is that the economy is responding positively. From a post-recession growth rate of 1.5% in 2017, the economy is estimated to grow at 2.5% and better in 2018. Inflation is on a downward trend. In the 2017 World Bank Report on Ease of Doing Business ranking, the economy was moved up 24 places; Nigeria was ranked amongst the top 10 Reformers in the global economy. Positive FDI flow has improved and confidence has returned to the business community.”

Signed,
Josephine Ademu
For: Head of Press
Federal Ministry of Industry, Trade & Investment

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
  • economy
  • ENELAMAH
  • NATPOR
  • Nigeria
  • NRIP
  • TRADE AND INVESTMENT
Previous articleGOC Meets Stakeholders over Security Threat on Nigeria-Cameroon Border
Next articleBuhari Declines Assent to Nigerian Peace Corps Bill
Enechojo Josephine
Enechojo Josephine
Xing

RELATED ARTICLESMORE FROM AUTHOR

Secretary State Government Alhaji Umar Farouk Ibrahim receives report on Commissioner alleged role in drug baron bail

Kano Govt Receives Report on Commissioner’s Alleged Role in Drug Baron’s Bail

Group photograph of Staffs of VON and representatives from RATTAWU

We are Here to Fix The Voice of Nigeria as A True Instrument of National Power – DG VON

The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin (L), receiving the President of the All Farmers’ Association of Nigeria (AFAN), Dr Farouk Rabiu Mudi (R), who led a delegation to pay him a courtesy visit in his office.

Why Investments in Local Sugar Production is Profitable Now – NSDC Boss

Kemi Badenoch

Kemi Oomoale Badenough: A Liar By no Other Name by Chief Femi Fani-Kayode

Peter Obi

Peter Obi Reaffirms One-Term Presidential Vow, Says “My Word Is My Bond”

DSS, NNPCL and EFCC

NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute Claims

International Press Institute IPI

IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List Governor Bago in Black Book

Group Chief Executive Officer (GCEO), Bayo Ojulari

Purported Resignation: Who are after NNPC Boss Bashir Ojulari

The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

Dr. Emmanuel Ojukwu and representatives at NIPR FCT the meeting

NIPR FCT Chapter Focuses on Crisis Communication and Professionalism

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reacts to Niger Governor’s Closure of Badegi FM

Northern leaders at Arewa Summit

Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa Summit in Kaduna

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Kano Govt Receives Report on Commissioner’s Alleged Role in Drug Baron’s Bail
  • Rivers Police Arrest Suspects in Lawyer’s Murder, Recover Weapons
  • Police Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents, Rustle Cattle
  • Troops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs in Borno
  • We are Here to Fix The Voice of Nigeria as A True Instrument of National Power – DG VON
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Kano Govt Receives Report on Commissioner's Alleged Role in Drug Baron's BailRivers Police Arrest Suspects in Lawyer's Murder, Recover WeaponsPolice Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents, Rustle CattleTroops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs in BornoWe are Here to Fix The Voice of Nigeria as A True Instrument of National Power – DG VONWhy Investments in Local Sugar Production is Profitable Now - NSDC BossKwankwaso, Northern Nigeria and the Politics of MarginalisationKemi Oomoale Badenough: A Liar By no Other Name by Chief Femi Fani-KayodePRNigeria Fellowship: A Model for NIPSS KuruPeter Obi Reaffirms One-Term Presidential Vow, Says “My Word Is My Bond”PSC Denies Police Recruitment, Warns Against Fraudulent Online ClaimsProf Pate donates 20 Laptop Computers to UNIMAIDAfrica’s Economic Ties Deepen as Nigeria, Benin Sign Joint Trade PlanTroops Raid Bandits Camps, Eliminate 1, Recover MotorcyclesNNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute Claims
X whatsapp