Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, has said that “recession does not mean Nigerians are in trouble or doomed; no, it implies that we should be patronizing made-in-Nigeria products and goods, step-down on patronage of foreign goods except when necessary.”
Disclosing this at the 2016 end-of-year Performance Review of the Industrial Training Fund headquarters in Jos, on Thursday, Enelama said “it is no longer news that the country is passing through an economic recession.”
He urged the ITF to further encourage the acquisition of skills, and challenged the Fund to do more and expand the trade and craft areas, in order for the county to have a larger pool of artisans and skilled youths.
According to the minister, “this translation is to the fact that, any foreign investor that will do business in Nigeria needs not to exceed the expatriate quota of one percent, and must have a pool to draw his manpower from, which this in turn will strengthen the value of our naira and, thereby, improve the economy.”
The minister further stated that, “ITF has the key in negotiating Nigeria on its prevailing economic recession,” adding that, “the National Industrial Skills Development Programme (NISDP) is a master-stroke; it has turned around the fortunes of a lot of families since it debuted in 2012.”
He urged the ITF management not to relent in this aspect, but go to the whole hog to train many more Nigerians, and by so doing, the name of the organization would be written in gold.
He commanded the Fund for doing a lot in the areas of collaboration, which has started yielding the necessary dividends, which should be seen to be sustained.