{"id":461240,"date":"2011-07-14T23:18:14","date_gmt":"2011-07-14T23:18:14","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/14\/aganga-reiterates-commitment-to-economic-growth\/"},"modified":"2011-07-14T23:18:14","modified_gmt":"2011-07-14T23:18:14","slug":"aganga-reiterates-commitment-to-economic-growth","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/14\/aganga-reiterates-commitment-to-economic-growth\/","title":{"rendered":"Aganga reiterates commitment to economic growth"},"content":{"rendered":"
\n

BY FAVOUR NNABUGWU<\/p>\n

ABUJA \u2013 Minister of Trade and Investment, Mr. Olusegun Aganga, said yesterday there would be structural changes in the ministry to ensure the success of the transformation agenda of the government, especially with regards to economic growth.<\/p>\n

Aganga said he was appointed, alongside Minister of State, Dr. Samuel Ortom, to transform and refocus the new ministry as the driver of the nation\u2019s economy, and charged the staff to work hard for sustainable\u00a0 economic growth and jobs.<\/p>\n

He told the staff of the Ministry: \u201cThis will require a new way of thinking some reforms and structural changes, finding creative solution to our challenges, a renewed commitment and a determination to succeed. I will, of course, welcome ideas and suggestions from you.<\/p>\n

\u201cOur mission is to transform this new\u00a0 Ministry of Trade and Investment and ensure that it takes its rightful place as the driver of the Nigerian economy.<\/p>\n

\u201cIn any country, this ministry should be the heart of the economy and, in fact, it is the case in many developed and developing economies.\u201d<\/p>\n

Aganga, however, emphasized the need for the economy to be private sector-driven due to the enormous opportunities, challenges and size of the investment required.<\/p>\n

\u201cAs you are probably aware from the Vision 20:2020 document, the investment required in the next four years is close to N35 trillion. Of this, about N10 trillion is expected from the Federal Government, N9 trillion from the state governments and N15 trillion from the private sector.<\/p>\n

\u201cGiven the amount aggregated to capital project in our annual budget, it is clear that achieving Vision 20:2020 will rely heavily on the private sector, hence the need to refocus and rename the ministry, which is that vital link\u00a0 between the private sector and economy,\u201d he\u00a0 said.<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

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