President Muhammadu Buhari has said that his administration will shun anti-development policies and make all necessary provisions for entrepreneurs to thrive in the country.
According to a statement by the President’s Special Adviser on Media and Publicity, Mr. Femi Adesina, Buhari said this during a meeting he had with the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, Abdulkadir Musa, and other senior officials of agencies under the ministry.
The President said “With high interest rates and entrepreneurs needing trillions of naira to buy machinery, we are virtually back at ground zero as far as industrial development is concerned.
“So, we will shun all anti-development policies and make the climate more suitable for entrepreneurs. We will create the environment for them to thrive. Generating employment was one of our key campaign promises and we will keep that promise.
“We will no longer allow our markets to be flooded with things that we can produce ourselves. We must believe in our system. Whenever you need my intervention, please come to me.”
He added that his administration will ensure that local manufacturing is developed through legal, regulatory and structural reforms; lower interest rates, special intervention funds, protection of local manufacturers and significant improvements in national infrastructure.