The Federal Government has pledged to address the challenges of unemployment and pressure on foreign exchange, and to advance economic diversification. Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, emphasized this commitment during the commissioning of two new factories and extension of the Tropical General Investment Group (TGI) in Sagamu Inter-change, Ogun State.
In her address, Dr. Uzoka-Anite reiterated the government’s dedication to promoting industrialization and mobilizing resources to bolster economic recovery. She assured that the administration, led by President Bola Ahmed Tinubu, would remove barriers that hinder business growth in the country.
“President Bola Ahmed Tinubu is determined to conclusively address the challenges of unemployment, pressure on foreign exchange, and economic diversification,” stated Dr. Uzoka-Anite. She stressed the necessity of manufacturing and value chain addition for the nation’s holistic development, citing the significant repercussions of inaction.
Ogun State Governor, Prince Dapo Abiodun, commended the TGI Group for exemplifying the state’s positive economic trajectory and its strong sense of corporate social responsibility. He credited the group’s expansion to the state’s improved ranking on the ease of doing business index, reaffirming the government’s commitment to fostering an enabling environment for businesses to thrive.
Prince Abiodun highlighted the state’s growth as the most improved economy in the country and one of the two most resilient states, vowing to continue building essential infrastructure to support the thriving business landscape. He also announced the imminent commencement of operations at the Agro Cargo Airport, a strategic initiative to further facilitate economic activities.
In his welcome address, Mr. Roy Deepanjan, the Executive Director of Food Distribution at TGI, disclosed that the company sources approximately 80% of its raw materials locally, underscoring its integration within the state’s economy.
The government’s proactive stance and collaborative efforts with private enterprises like the TGI Group signal a promising path towards addressing economic challenges and fostering sustainable growth.
The resolve to tackle these pressing issues, as articulated by the government and industry leaders, underscores a concerted drive to fortify the nation’s economic landscape and inspire confidence in both local and foreign investors.
