The Federal Government of Nigeria has just launched a new industrial policy aimed at reducing trade costs by 15% through improved roads, port modernisation and digital logistics systems, while targeting a 30% rise in export volumes by 2028.
This plan it said will also prioritises local production, mandatory procurement of made-in-Nigeria goods and stronger support for MSMEs, which contribute half of GDP and over 80% of jobs, to boost competitiveness and drive industrial growth.
Source: The Cable
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