FG Hailed Over Policies On Importation

Source: thewillnigeria.com

SAN FRANCISCO, September 24, (THEWILL) - The Federal Government has been commended for its policies on importation.

President of the Institute of Industrialists and Corporate Administrators of Nigeria (IICAN), Dr. Victor Orisa, gave the commendation Wednesday in Gombe, saying the policies are protective of local industries. Orisa, who spoke at the investiture of Gombe State Commissioner for Finance, Alhaji Mohammed Hassan, as a fellow of IICAN, noted that the Federal Government had been pragmatic in its approach to the development of industries in the country. He said the importation policies of the President Goodluck Jonathan Administration are favourable to local industries, enabling them to showcase the country's potentials to the rest of the world.

According to Orisa, 'We must acknowledge and commend the Federal Government, as an institute, for its protection of indigenous industries through import reforms as a positive step towards transforming the industries.'

The IICAN president therefore implored industrialists in the country to take advantage of government's policies and expand their market, to boost the Nigerian economy.

In his response, Hassan, who was honoured with a distinguished merit award at the occasion, disclosed that the state government will soon commence the distribution of N500 million to traders as well as N600 million to farmers as soft loans, under its trade and agricultural revolving fund.

'In about a fortnight, Governor Dankwambo will be flagging off the distribution of his trade intervention fund of N500 million for 10,000 traders, to enable them expand their capital and business. He will also inaugurate the disbursement of N600 million to 8,000 farmers under his revolving agricultural development fund,' he said.

The commissioner described Gombe as a fast growing state that was delivering democratic dividends to its citizens through prudent management of resources.