President Goodluck Jonathan, unveiled plans by the Federal Government to enact laws that will back the implementation of industrial policies across the economic sectors. The move may have been scripted to address challenges being faced by industrialists over policy inconsistencies that have been assailing their operations over the years. Jonathan also assured industrialists that the country would not be a signatory to trade agreements that negate the objectives of the nation’s industrial revolution plan.
Indeed, the President explained that the move is driven by the desire to ensure that sectoral policies and the Nigeria Industrial Revolution Plan (NIRP) are effectively implemented through enacted laws in order to avoid policy somersault. President Jonathan also noted that new initiatives to enhance the competitiveness of the industrial sector are being examined, adding that the financing value-chain initiative is being explored for proper implementation.