Wednesday, 30th November 2022
<To guardian.ng
Search
Breaking News:

Nigeria’s yearly budget not enough to drive industrialisation — NASENI

By Sodiq Omolaoye, Abuja
10 April 2022   |   3:55 am
The Executive Vice Chairman of National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammed Haruna, has said the country’s yearly budget was not enough to achieve full-scale industrial development.

The Executive Vice Chairman of National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammed Haruna, has said the country’s yearly budget was not enough to achieve full-scale industrial development.

Haruna spoke at a three-day retreat organised for Technical Board Members and Managing Directors of NASENI Development Institute in Abuja.

Nigeria’s 2022 budget is valued at N17.126t, with about N5.4t allocated to capital expenditure.

But, Haruna said Nigeria would need more than N17.126t budget for a full-scale industrialisation to occur.

Haruna admitted that many government agencies were yet to patronise NASENI’s products.

He said: “Our target is not to make mass production for the nation. You are aware of our partnership with several private sectors for mass production…”

While declaring the retreat open, the Secretary to the Government of the Federation (SGF), Boss Mustapha, charged NASENI to popularise home-initiated and home-sustained industrial goods, machines, technologies, equipment and reverse engineering of key processes to achieve sustainable economic recovery of Nigeria.

Mustapha, represented by the Permanent Secretary, Cabinet Affairs Office, James Sule, said the theme: NASENI: The Vehicle for Nigeria’s industrialisation, resonated with Federal Government’s efforts towards positioning Nigerians to benefit from the fourth industrial revolution, and to give assurance to the global community that “our nation is moving steadily towards providing industrial leadership for the African continent, which the world eagerly awaits.”

In this article