Govt pledges implementation of industrial revolution plan

The Federal Government has reiterated its determination to ensure full implementation of the Nigerian Industrial Revolution Plan.

To this end, it is working with the World Bank to bring Nigeria back to the top 100 in the World Banks Ease of Doing Business Index.

Minister of Industry, Trade and Investment, Okechukwu Enelamah, who disclosed this yesterday at a meeting between some ministers with members of the Broadcasting Organisation of Nigeria (BON) Nigeria in Abuja, observed that Nigeria was in the top hundred in the World Banks Ease of
Doing Business Index between 1999-2006 but over the last 10 years, the country dropped to 160 in the ranking.

He noted that the Federal Government has put in place a team that would work with the various ministries and agencies of government at both the federal and state levels to deal with criteria that are important to business, which are also items that are measured by the Ease of Doing Business of the World Bank such as business registration, access to credit, power supply and housing among others.

Also speaking, Minister of Power, Works and Housing, Babatunde Fashola, assured that Nigeria will recover from the current economic challenges.

He said: “The gains we have made in terms of security provide an opportunity for us to replace bomb makers with brick builders, replace bombings with buildings and to get development back on track, that is one big step towards rebuilding the economy.”

Minister of the Federal Capital Territory (FCT) Musa Bello, said efforts are being made to liberalise land administration in the FCT by hastening the approval process for all land transactions.