The Nigerian government is embarking on a bold initiative to establish new industrial clusters and revitalize existing ones in all 36 states. Dr. Doris Anite, the Minister of Industry, Trade, and Investment, announced this groundbreaking plan during a meeting with government officials and business leaders in Kano State.
The primary objective of these industrial clusters is to fuel the growth of Small and Medium-sized Enterprises (SMEs) and industries throughout the country. Through these clusters, the government aims to provide crucial support such as subsidized inputs, power, access roads, and other vital infrastructure necessary to enhance the productivity and profitability of SMEs and industries.
Dr. Anite emphasized that President Bola Tinubu has instructed the ministry to prioritize the promotion of agriculture and the overall development of non-oil exports. This directive aligns with the government’s broader vision to stimulate economic diversification and reduce dependency on oil exports.
The minister highlighted that the strategy for achieving the president’s mandate revolves around industry clustering. She emphasized, “Our ministry’s key priority is to enhance the competitiveness of these industries, especially in light of the ongoing developments within the African Continental Free Trade Area. It is imperative to assist industries and SMEs in reducing their production costs, enabling them to effectively compete in a larger market.”
This proactive approach underscores the government’s commitment to fostering a more robust and dynamic economic landscape. By bolstering SMEs and industries through strategic industrial clusters, Nigeria is positioning itself to seize opportunities within regional and global trade, ultimately propelling sustainable economic growth and prosperity nationwide.