According to John Enoh, Nigeria’s Minister of State for Industry, the administration of President Bola Tinubu is addressing the majority of the problems that are forcing businesses to relocate or shut down.
He claims that the government is addressing problems with infrastructure, power, bureaucratic red tape, and ease of doing business, which has restored industrialists’ trust.
“We had a thematic area on power, infrastructure, affordable short-term funding, bureaucratic bottlenecks, and ease of doing business, all of which were the reasons why industries closed their doors and left, and the number of those who did.
“And I can assure you that the kind of confidence that this government has brought in itself has stopped the closure of industries, has given more confidence for further industrial growth and doing more to restore confidence,” Enoh remarked.
He said that Tinubu recognized the importance of the industry in the economy, which is why, after one year, instead of having a single minister in charge of trade and investment, he appointed him to oversee the industry.
Enoh said that there had been no reports of industries leaving the nation or closing during the two years of this administration.
He maintained that since Tinubu assumed office, industry owners’ confidence has increased and that additional measures are being taken to guarantee the safety of enterprises.
