1. The composition of our total output seems to suggest a diversified and well-balanced economy. The size of our economy in 2019 was N146 Trillion (about US$448 billion). Oil and gas accounted for only 10 percent and non-oil contributed 90 percent. If we further disaggregate the non-oil output, agriculture had a share of 20 percent, industry-21 percent; and Services-49 percent. On the face of it, this looks like a well-diversified economy.
Browsing: Olusegun Aganga
The office of the former Minister of Industry, Trade and Investment, Olusegun Aganga, has said the Minister was never involved in any scheme reported to have resulted in the transfer of interest in Malabu (OML 245), describing the claim as totally false and completely misleading.
The Trust was launched and the announcement made on April 21, 2018 at the celebration of the 92nd birthday of the British monarch in London.
The tools are marked for installation at designated auto-testing laboratories in Lagos, Enugu and Zaria in Kaduna State
The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, said this when he briefed State House correspondents after the weekly FEC meeting presided over by President Goodluck Jonathan at the Presidential Villa, Abuja
He said that the country’s objective was not just to grow the economy, but to ensure that the funding needs of the Micro, Small and Medium enterprises were prioritised
Aganga said GE is also making adequate provision for transfer of technology in terms of capacity building by partnering with firms from the United States and Europe
The Minister of Industry, Trade and Investment, Olusegun Aganga, who disclosed this during a meeting with the Indian business community in Lagos, added that the Federal Government was targeting an increased production capacity in the sector, from about 28.5 million metric tonnes in last year to about 38 metric tonnes in 2014
The government is making it look the way a commentator puts it: “Once there’s any government policy that will affect the average Nigerian negatively, officials will be kicking for its speedy implementation
Onawo, who was accompanied by 12 other members of the committee, said: “I was pleased to hear about the new measures by the Ministry of Industry Trade and Investment to transform the automotive sector
The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, said this in a statement issued on Tuesday in Abuja by Yemi Kolapo, his Special Assistant on Communications
The Director General, National Automotive Council, Aminu Jalal, said the policy would help to open up the industry to many international auto manufacturers
The minister said he would recommend that an appreciable percentage of government’s expenditure be spent on the MSMEs sub-sector annually to enhance the growth of the economy
The NSMP is expected to generate about 170,000 new jobs across the country, ensure self sufficiency in sugar production and conserve about $350 million annually in foreign exchange
He said: “At the moment, the value of intra trade between D8 countries as of 2012, is about $150 billion, but our target is $500billion in the next five years
“The meeting was to work out modalities for the take-over of Nigeria’s shares in the joint venture following government’s decision to sell its own shares to the private sector,” the minister said
The committee is chaired by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dauda Kigbu
The minister said for the sake of Nigeria and Nigerians, it was critical that the ministry be reformed and professionalized to have the right people doing their jobs for the country
It noted that the figure represented an increase of 15.1 and 9.3 per cent over the preceding and corresponding quarter in 2012
Aganga said this just as the Vice-President, Nigeria Labour Congress and General Secretary, National Union of Textile Garment and Tailoring Workers of Nigeria, Issa Aremu, confirmed that 38 textile firms had so far benefitted from the fund