The Federal Government says it is irrevocably committed to the repositioning of the economy by boosting productive capacities.
Vice-President, Yemi Osinbajo, said this on Wednesday at the 10th anniversary of the Ogun -Guangdong Free Trade Zone in Ota, Ogun.
Represented by Niyi Adebayo, Minister of Trade and Investment, Osinbajo said government was particularly committed to boosting the non-oil sector to grow the economy and create jobs for Nigerians.
He described Free Trade Zones as veritable platforms to attract investments and grow economies all over the world.
Osinbajo said the government would continue to support FTZs and other productive entities for the benefit of the people and the country.
He said: “The Buhari administration is driven by an unflinching commitment to reposition our economy and improve production capacities and boost our share in global non -oil trade.
“Our national economic policies are geared towards a Nigeria that is high producing ,export -oriented and productive infrastructure for businesses.
“It is our vision to achieve transformational economic growth by leveraging on our demographics and competitive advantage in agriculture and mineral deposits to provide opportunities for long-term investors,” he said.
The Vice-President described the Ogun-Guangdong Free Trade Zone as a success story, saying it had impacted positively on both the economy of the state and the nation.
He explained that with over two billion dollars in investment, the Free Trade Zone had added value to the economy and had created no fewer than 6000 jobs for the people in its host community.
Osinbajo said the Federal Government would continue to support the FTZ to grow and create more opportunities.
He commended the Ogun government for its support for the FTZ, urging it to further strengthen partnership with the zone for more successes.
Also speaking, Governor Dapo Abiodun said the state government was committed to supporting businesses in the state.
The governor, who described the Ogun -Guangdong Free Trade Zone as a catalyst for the socio-economic development of the state, said the government would continue to provide support for the zone.
“We are not unaware of the resultant effect of the FTZ in terms of employment generation, poverty alleviation, local patronage and product renting which in the long run would put our dear state on the global map of trade and investment.
“It is worth mentioning that the possibilities have grown beyond the FTZ ,it has become a comprehensive development that covers processing of goods and manufacture of a variety of products with the use of local inputs that have boosted the economy of our state, ”he said.
Trending
- Tinubu appoints renowned banker Jim Ovia as Chair of NELFUND
- Yahaya Bello: EFCC boss Olukoyede to face criminal trial for contempt of court
- President Tinubu appoint CEOs for two agencies
- Breaking: Veteran Yoruba actor, Ogunjimi is dead
- EX-PRESIDENT BUHARI MOURNS DEMISE OF SIDI ALI, DR. BAFFA YO
- Japa Crises: 58,000 of 130,000 registered doctors renewed licence, says MDCN
- 34-Km Ikorodu-Itokin Road Reconstruction: Gov Sanwo-Olu, Senator Abiru Pay Thank You Visit To Works Minister, Umahi, Make Case For Road Dualisation
- Yahaya Bello: EFCC Chairman’s conduct suggest vendetta, not fight against corruption – Concerned APC chieftains