The Minister of industry, trade and investment, Olusegun Aganga has said that Nigeria benefited $20 billion of Foreign Direct Investment (FDI) in the last three years making the country Africa’s top destination for investment.
The Minister said this during a public presentation of the new national policy on MSMEs in Abuja.
He said “With a growing population of approximately 170 million people and an abundance of natural resources and arable land, Nigeria has also become the perfect hub for investments.
“Over the course of this administration, the Nigerian economy has experienced unprecedented levels of growth.
“Today marks yet another milestone in re-shaping the MSME sub-sector in Nigeria.
“We are putting in place the necessary mechanisms to support MSMEs and to ensure their continued growth and contribution to Nigeria’s economy.”
He added that the increasing FDI has led to increasing opportunities for Micro, Small, Medium Enterprises.
He said “Today marks yet another milestone in re-shaping the MSME sub-sector in Nigeria.
“We are putting in place the necessary mechanisms to support MSMEs and to ensure their continued growth and contribution to Nigeria’s economy.
“It is therefore no coincidence that there has been an increasing global focus on MSME development and on creating the enabling environment for these businesses to thrive.”
Leave a Reply