The Minister of Industry, Trade and Investment, Dr Doris Anite, revealed an ambitious plan by the federal government to establish and revive industrial clusters in all 36 states. The primary objective is to drive growth in Small and Medium-sized Enterprises (SMEs) and industries nationwide. This initiative aims to provide crucial support such as subsidized inputs, power, access roads, and other essential infrastructure to enhance the productivity and profitability of these enterprises.
During an engagement with government officials and the business community in Kano State, Minister Anite emphasized the importance of aligning with President Bola Tinubu’s directive to promote agriculture and non-oil exports. The ministry sees industry clustering as a strategic approach to achieving this mandate. The ultimate goal is to enhance the competitiveness of these industries, particularly in light of the developing African Continental Free Trade Area, by reducing production costs.
Acknowledging the significance of making industries competitive, Minister Anite expressed the ministry’s commitment to fostering an environment where SMEs and industries can thrive. This initiative is poised to contribute significantly to economic growth and position Nigeria favorably in the evolving global market.
In summary, the government’s comprehensive plan involves establishing and revitalizing industrial clusters nationwide, with a focus on supporting SMEs, reducing production costs, and aligning with strategic directives for economic development.
