Enelamah to lead discussion on ‘The Nigeria Dream Beyond Oil’

ITREALMS:

The Honourable Minister for Industry, Trade and Investment, Dr. Okechukwu Enelamah is expected to lead discussion at The Redeemer, Region 19 Men’s Conference, with the theme: The Nigeria Dream Beyond Oil, holding at RCCG Dominion Sanctuary, Plot 1, Acme Road, Ogba-Ikeja, Lagos on Saturday May 12, 2018, reports ITRealms.

Speaking ahead of the maiden Regional Men’s Conference, Pastor Brown Oyitso, who is the Pastor in Charge of the Region, explained that the idea is to get the church involved in setting agenda for national development.

According to him, our vision is to ‘raise distinct men of excellence and impact by not only creating the right platform for engagement but at the same time setting the agenda for positive engagement that will impact on the lives of our members and the country at large’.

Among other distinguished speakers expected at the Conference are Mr. Kayode Pitan, Managing Director, Bank of Industry and Mr. Opeyemi Agbaje, CEO, Resources and Trust Company (RTC) Advisory Services Ltd.

On what to expect at the event, the Regional Men's Coordinator, Pastor Amos Emovon, who is also a Pastor in Charge of Province, noted that for an economy that has depended majorly on revenues from oil, there is no better time than now to discuss alternative investment opportunities in the country. This becomes more imperative with the decreasing fortune of oil in the global market.

According to him, "Participants in this year’s edition of the Conference will be exposed to opportunities in other sectors of the Nigerian Economy beyond oil. There will be breakout sessions on Agriculture, Real Estate, Energy, SME and Information Technology among others. The breakout sessions will be handled by Prof. Sonaiya, Mr. Tonye Cole, Mr. Jide Arowosafe etc."

The RMF Region 19 Conference is expected to become an annual gathering of men representing all RCCG Provinces under the Region. It is designed as an annual platform for empowerment and networking.

Ayo Midele/GEE

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Enelamah outlines strategies to move Nigeria's economy forward

ITRealms:

The Minister of Industry, Trade and Investment, Mr. Okey Enelamah, has outlined some strategies of the Federal Government to move the nation's economy forward and beyond its current recession crisis, reports ITRealms.

Enelamah listed some of these strategic policies to include robust partnership between government and the private sector, support to Micro, Small and Medium Enterprises (MSMEs), as well as intervening in high potential sectors encompassing manufacturing and agriculture.

Speaking at the 2016 Annual Investor Conference organised by FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. held on October 27, 2016 at the Eko Hotels & Suites, Victoria Island Lagos, in a presentation entitled ‘Matching Opportunities with Patient Capital,’ Enelamah said that despite the recession, Nigerians should see the economy from a positive perspective and deemphasize on the negative side of the recession.

He noted that the oil price crash exposed the structural deficiency in Nigeria’s large and thriving economy, asserting “Countries in difficulty have used different strategies to strengthen and diversify their economies. That is why Nigeria needs to move away from over dependence on oil. Diversification and growth is key to economic recovery and ensuring a more stable future. Nigeria should have a strong local base of investors because foreigners will always leave leading to dry up of capital.”

Mr. Enelamah recommended applying practical solutions such as creating the right environment and polices to harness the productivity of Nigerians in order to overcome the current inflation in Nigeria, as the economy remains large and full of potentials. He added that it is very easy to have a disconnect between the government and the people when there is no trust in government policies.

Speaking further, the Hon. Minister identified the 5 execution principles of the Ministry of Industry, Trade and Investment (MITI) which include creating a favourable economic framework, support to Micro, Small Scale and Medium Enterprise (MSME), sector prioritization, partnership and joint ventures and immediate implementation of policies.

In order to realize Nigeria’s diversification and growth plan, it is essential to concentrate on an area where Nigerians are advantaged and give them necessary support, he said.

He further identified areas such as energy, clarification of Nigeria’s foreign exchange policy, agriculture, manufacturing and transportation as critical to economic growth.

Ayo Omidele/GEE