24 July 2011
The Minister of Trade and Investment, Mr. Olusegun Aganga last week in
had an interactive session with the media to give an insight into the thinking of government on the transformation agenda. Lagos
So much has been said about the new Trade and Investment ministry. How is it different from the old Commerce and Industry ministry?
The Ministry of Commerce and Industry has been expanded, refocused and re-branded so that it can play its proper role in the economy, so that it can be the key driver of the economy.
If you look at the economy and you want to talk about economic growth, it is all about industry. It is about trade; it is about investment. And when you look at the key drivers of any economy in terms of spending, there are only four of them.
Aganga...our laws are friendly, just that investors are not even aware
There is government spending, which finance takes care of; there is private sector spending; there is consumer spending and of course, there is export. Those are the four main drivers of spending in any economy.