By admin       2018-12-04

December 3, 2018 - The National Council on Industry, Trade and Investment has urged state governments to provide more land for the production of cotton. The NCTII also urged the Federal Government to ensure that all industrial layouts in the country were provided with constant electric power supply to reduce the cost of production. It stated these in a communiqué issued at the end of its 10th national meeting in Umuahia, Abia State, last week. The meeting had the chairman of the council and the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah in attendance. The communiqué read in part, “The federal and state governments should improve access roads to all industrial layouts and major markets in each state as a way of improving the ease of doing business. “States should create fiscal incentives and simplify the process of registration through the establishment of one-stop shops where all key stakeholders are in one place.” The council also urged state governments to establish electronic database for checking encumbrances, boundaries and other cadastral information. It urged state governments to serve as guarantors to ITF-trained youths who are indigenes of their states to enable them to access loan facilities. It added, “Developing a new road map that will facilitate an increase in Nigeria’s production of tomato fruits, the revival of all moribund tomato processing plants and encouraging investors to participate in tomato production, processing and packaging is imperative.’’ The council also called for a new leather policy to transform the leather sector from the production and export of raw materials, semi-finished products to the production of finished products. “Nigeria can leverage its comparative advantage towards the achievement of its goals under the industrialisation programme as encapsulated in the ERGP plan 2017 – 2020 is very crucial,” it stated.

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