Recession: FG pledges support for local industries

By Abimbola Fashakin, Lagos
Minister of State, Industry, Trade and Investment, Hajia Aisha Abubakar, has assured local industries of Federal Government’s support to enable them thrive in the prevailing economic recession.
The minister, who stated this during a visit to some leather industries at Chalawa Industrial area on Saturday, said this would enable them remain afloat and provide employment to Nigerians.
She said that the Federal Government was committed to providing the needed support to the industries for the economic development of the country.
According to her, the current economic recession in the country is a good opportunity for people to look inwards towards developing the economy.
Abubakar called on small scale businesses to register with the relevant departments to enable them access facilities for the growth of their businesses.
She expressed happiness that, despite the prevailing economic challenges, some of the industries were still operating.
Earlier, the Chairman of Whanu Shoe Ltd, Alhaji Bashir Danyaro, called on the Federal Government to provide immediate support to the ailing industries in the country.
He said the call was necessary in view of the fact that most of the industries had stopped operation, while others were operating below installed capacity.

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