TO enhance better industrial growth in the country, the Federal Executive Council (FEC) yesterday approved a new policy known as the Nigeria Industrial Development Strategy.
The policy proposes the "cluster concept of industrialisation as a plank for development of the country's Small and Medium Enterprises (SMES) as a way of realising the vision 2020 strategy.
Also, the FEC approved a study on the potential impact of the various support options for Nigeria under the status of the ongoing Economic Partnership Agreement (EPA) negotiation between Economic Community of West African States (ECOWAS), Mauritania and the European Union (EU).
This article addresses recent decisions in Nigeria to make attempts at bettering the “industrial growth” of the nation. This article also addresses the fact that there was a decision to designate $46.65 million to the International Development Association (IDA) which will use the money to “support West and Central African Air Transport Safety and Security projects.” Key Nigerian leaders decided that after the decisions made in this council, they must decide how thorough and in depth their involvement will be and to what extent they need to involve the citizens of Nigeria. These steps allow the government to maintain legitimate and give the citizens a feeling that their government has a right to lead.
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