Rising Cost of Goods, Services Dominates FEC Meeting
PRESIDENT TINUBU
By Our Reporter
The current rising cost of goods and services in the country was among the issues discussed during the Federal Executive Council (FEC) meeting held in Abuja.
Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, who briefed newsmen said the issue of high cost of goods and services was discussed during the meeting with FEC raising concerns.
Uzoka-Anite was quoted saying, “Today council noted the rising cost of goods and services in the country, as well as the rising cost of doing business in Nigeria and also noted the excitement and optimism of the real sector that the Renewed Hope Agenda will bring a prosperous 2024.
“We deliberated on how we can actually improve the business environment for manufacturers and industrialist. As you will recall, the priority of this government is to promote and protect local industries and manufacturers and this will mean that we must do all that is necessary to remove all the roadblocks and bottlenecks impeding or impacting businesses.”
The Minister said that the president has been on the path of Nigeria opening for business by doing away with roadblocks, multiple taxation, multiple levies, customs duties and various levies which affect businesses.
She disclosed that the President had set up several committees to revamp the economy, adding that the government was determined to implement policies aimed at jumpstarting the economy again.
According to her, “For this to happen, we have been mandated and charged to come up with the resolution from those committees as quickly as possible and when this is implemented, we expect to see more creation of jobs, drop in prices of goods and services, and a total revival of the economy.
“We assured the FEC that we will do all that is necessary to come up with the resolution as quickly as possible so that Nigerians can begin to enjoy the shared prosperity and the Renewed Hope Agenda in 2024.”
The current rising cost of goods and services in the country was among the issues discussed during the Federal Executive Council (FEC) meeting held in Abuja.
Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, who briefed newsmen said the issue of high cost of goods and services was discussed during the meeting with FEC raising concerns.
Uzoka-Anite was quoted saying, “Today council noted the rising cost of goods and services in the country, as well as the rising cost of doing business in Nigeria and also noted the excitement and optimism of the real sector that the Renewed Hope Agenda will bring a prosperous 2024.
“We deliberated on how we can actually improve the business environment for manufacturers and industrialist. As you will recall, the priority of this government is to promote and protect local industries and manufacturers and this will mean that we must do all that is necessary to remove all the roadblocks and bottlenecks impeding or impacting businesses.”
The Minister said that the president has been on the path of Nigeria opening for business by doing away with roadblocks, multiple taxation, multiple levies, customs duties and various levies which affect businesses.
She disclosed that the President had set up several committees to revamp the economy, adding that the government was determined to implement policies aimed at jumpstarting the economy again.
According to her, “For this to happen, we have been mandated and charged to come up with the resolution from those committees as quickly as possible and when this is implemented, we expect to see more creation of jobs, drop in prices of goods and services, and a total revival of the economy.
“We assured the FEC that we will do all that is necessary to come up with the resolution as quickly as possible so that Nigerians can begin to enjoy the shared prosperity and the Renewed Hope Agenda in 2024.”
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