Tapgun laments poor performance of industrial sector
The Minister of State for Commerce and
Industry, Josephine Tapgun, on Monday described the performance of the
industrial sector as “dismal”, saying the federal government was
committed to reversing the situation.
Tapgun was speaking at the
commemoration of the 2010 Africa Industrialisation Day (AID), jointly
organised by the ministry and UNIDO, with the theme: Competitive
Industries for Development of Africa.
She said this year’s index of global
competitiveness, as released by the World Economic Forum, authors of
Global Competitiveness Survey, which ranked Nigeria 127 out of 133
countries in national competitiveness, was unfortunate.
“This dismal perception could be
readily ascribed to the harsh operating environment, due mainly to lack
of constant power supply and other infrastructural deficits.
She reiterated the resolve of the government to addressing the
challenges militating against the industrial development of the
country, saying that the present administration was tackling them
“head-on”. She said that, as Nigeria continued to feel the
“excruciating” effect of the global economic crisis, it was imperative
to focus on industrialisation as a critical engine of economic growth
and development.
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