The Minister of Industry, Trade and Investment, Otumba Richard Adeniyi Adebayo CON has disclosed that Federal Government will continue to partner with all relevant Stakeholders in the Industry, Trade and Investment sectors for Infrastructural and economic development in the Country.

The Minister reiterated the commitment of the Federal Government of diversifying the economy and lifting 100 million Nigerians out of poverty in the next 10 years.

Otumba stated this when Officials from Oil and Gas Companies Cooperate Association of Nigeria led by the Secretary-General Zakari Kyari paid a working visit to the Ministry in Abuja.

Adeniyi revealed that there are two areas the Association can partner with the Ministry namely; setting up of Special Economic Zones (SEZs) and Infrastructural development most especially as government is now ready to concession some road projects in the Country.

He Commended the Association’s effort to provide affordable Housing to Nigerians as they committed a lot of resources in estate development in Abuja and Lekki in Lagos State.

The Minister advised the Association to liaise with the Ministry of Works and Housing on road projects, as he assured them of his unalloyed support and commitment on providing enabling environment for Investments opportunities in the Country.

In respect of Special Economic Zones, (SEZs), Adebayo, started that some Financial Institutions like AfriExim Bank and AfDB had already made commitment in that regard and urged the Association to leverage on the investment opportunities.

Earlier, in his remarks, the Secretary- General of the Oil and Gas Companies Association,   Zakari Kyari, stated that the visit was to key into the Road Map of the Ministry and to solicit   support to actualize the vision of the Association.

Kyari said the Association has a lot of Investments in different key sector of the Nigerian economy especially Estate Development and oil and gas sectors.

He further said that the Association seeks more synergy with the Ministry, through Bank of Industry (BOI), to support the Association to invest on Infrastructural development that would create jobs to the unemployed Youth in the Country.

Members of the Association comprised; EMCOOP, ADDAX COOP, TOTAL COOP, CHEVRON COOP.


Ibrahim Haruna

Deputy Director, Press