News

April 16, 2024

FG restates govt support for private sector devt

FG restates govt support for private sector devt

The Federal Government has reaffirmed its commitment to support the business community through current economic difficulties, ensuring an environment where industries can continue to thrive.

In a meeting with Nigerian Breweries Plc management, the Minister of  Industry, Trade and Investment, Dr. Doris Uzoka-Anite, spoke on the recent temporary suspension of operations at two plants and discussed the company’s comprehensive Business Recovery Plan. The meeting also acknowledged the challenges faced by the communities in Awo-Omamma in Imo State and Kakuri in Kaduna State due to these suspensions.

MD/CEO of Nigerian Breweries, Hans Essaadi, stated, “We have existed for almost 78 years and have weathered many storms in the past. We believe our Business Recovery Plan will ensure that we exist for another 78 years.”

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Dr. Uzoka-Anite expressed the administration’s commitment to sustaining industry and manufacturing and emphasized initiatives such as the Consumer Credit Scheme to boost purchasing power, sector-specific interventions in power and agriculture to reduce production costs, and ongoing dialogue for financial reporting with the Financial Reporting Council.

The Minister assured, “The administration of President Bola Ahmed Tinubu, GCFR, is dedicated to creating a stable and conducive business environment. Rest assured, things will keep getting better.”