FG promises to support local enterprises for economic growth

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Businesses

By Oluwatope Lawanson

The Federal Government says it will continue to support indigenous companies to survive and excel, as a strategy to transform the economy.

Vice-President Kashim Shettima
gave the assurance during a visit  to mark the 20th anniversary of SecureID Manufacturing Facility at Iyana-Isolo, in Lagos.

The News Agency of Nigeria (NAN) reports that SecureID is a certified smartcard manufacturing plant  that produces smart cards.

It produces smart cards for banks, including MasterCard, Visa and Verve, as well as SIM cards for telecommunition companies.

Shettima also said that  the government would create opportunities  for emergence of more companies that would transform the economy.

The vice president said that the government’s policies would be geared toward ensuring the growth of local industries.

He emphasised the importance of innovation and entrepreneurship in driving Nigeria’s economic growth.

He also noted the importance of Nigeria’s digital transformation in the knowledge-driven post-industrial age.

According to him, President Bola Tinubu has demonstrated that the survival of  enterprises is crucial for a vibrant economy.

He highlighted the government’s efforts to revitalise the economy through fiscal reforms and other initiatives.

He praised SecureID for remarkable successes, noting its capacity to manufacture 200 million cards per annum, including international passports and voter cards.

“Our needs as a nation are unique; so are the expectations from our enterprises.

“As a government, we will continue to support enterprises by fostering an environment where innovation thrives and  every citizen has the opportunity to succeed,” he said. (NAN)

Edited by Ijeoma Popoola

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