President Goodluck Jonathan has launched the Nigeria Industrial Revolution Plan (NIRP) and the National Enterprise Development Programme (NEDEP), aimed at starting a new phase of industrial development in Nigeria.
Speaking at the launch in Abuja yesterday, President Jonathan described the NIRP as the most ambitious and comprehensive road map that would transform the nation’s industrial landscape, create new jobs, and conserve foreign exchange.
“The NIRP is the flagship industrialisation programme ever embarked upon by this country,” he said.
He added that it is based on areas such as agriculture and agro-products, metals and solid minerals, oil and gas, construction and light manufacturing services, where the country has comparative advantage.
“The goal of the Nigeria Industrial Revolution Plan” he stated further, “is to increase the contribution of the manufacturing sector to GDP from the present 4% to more than 10% over the next five years. This will boost the annual revenue earnings of the Nigerian manufacturers by up to N5 trillion per annum.”
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