Kaduna, Feb. 25, 2024: The yearly Kaduna trade fair has kicked off with the Federal Government reporting that it has implemented some strategic reforms to restore economic stability in the country.<\/p>\n\n\n\n
Mr Abbas Tajudeen, Speaker, House of Representatives, said on Saturday at the opening of the 45th Kaduna International Trade Fair in Kaduna.<\/p>\n\n\n\n
The fair has the theme, \u201cSustainable Economic Recovery Through Deepening of Local Content Value Chain\u201d.<\/p>\n\n\n\n
The speaker, represented by Rep. James Barka (PDP-Adamawa) said recently, the Federal Government, major stakeholders and the National Assembly were determined to restore macro and micro economic stability in the country.<\/p>\n\n\n\n
He said, \u201cThis year\u2019s edition of the fair came at the right time qw efforts are being channeled towards achieving sustainable economic recovery in the country.<\/p>\n\n\n\n
\u201cThere have been creative steps in policy reforms across all the sectors, with intended focus on repositioning our nation as truly the economic giant of Africa producing significant achievement in fiscal and monitory consolidation.<\/p>\n\n\n\n
\u201cIt is also expected that the resultant effects of these steps will lead to reduction of the menace of insecurity affecting our economic growth, strengthening our public service institutions and improvement in the overall business environment for increased productivity.<\/p>\n\n\n\n
\u201cWe are beginning to see dividends of new policies of this administration with a boost in investment growth across major segments of the economy, attracting new foreign investors and returning the country back to a sustainable and inclusive road path.<\/p>\n\n\n\n
\u201cThe road might appear rough, but I am happy, we are making significant progress.\u201d<\/p>\n\n\n\n
Abbas said there was specific improvement in the Nigeria non-oil sector in the last Bureau of Nigeria Statistics\u2019 report, adding, \u201cthe quarter for 2023 GDP report shows an improvement of 3.46 per cent growth from the previous growth of 2.54 per cent.<\/p>\n\n\n\n
The speaker said, \u201cWe are surely not where we are expected to be at the moment but the good news is that we are not where we were yesterday. We are surely making progress.<\/p>\n\n\n\n
\u201cThe theme of this year\u2019s fair, reminds us of the fact that Nigeria\u2019s problem can only be resolved by Nigerians.<\/p>\n\n\n\n
\u201cWe must all be ready to collaborate and support the federal government\u2019s efforts in energising the economy through the creation of an investment friendly environment.<\/p>\n\n\n\n
\u201cOur dear country Nigeria is blessed as a nation with abundant human and natural resources and the right policies for economic growth.<\/p>\n\n\n\n
\u201dWith the economic will power to implement the policies available, Nigeria has the capacity to become one of the global economic powers.\u201d<\/p>\n\n\n\n
Abbas urged all the stakeholders to support the drive of the present administration to bring an economy that has the capacity to bring prosperity to all Nigerians.<\/p>\n\n\n\n
He added, \u201cThe 10th National Assembly is determined to ensure that business owners and investors in Nigeria\u2019s economic space are specifically provided with more conducive environment to succeed\/<\/p>\n\n\n\n
\u201dThe will succeed profitably with marginal returns on investments and their capital well protected with various business incentives currently under implementation by this current administration.<\/p>\n\n\n\n
\u201cIt is time to roll up our sleeves and work for the common good of our people, for history beckons on all of us to do so.<\/p>\n\n\n\n
\u201cWe will ensure that entrepreneurs in Nigeria receive all the necessary support needed in commitment to make significant contributions in creating a new Nigeria.<\/p>\n\n\n\n
\u201dThis is to have the growth of digitalised economy, sustainable employment for our teeming youth and making our country to gain a frontline position as the bedrock for economic growth and development in Africa.\u201d<\/p>\n\n\n\n
According to Abbas, the National Assembly wants the whole world to know that Nigeria is now opened for business, adding, \u201dand we are ready to regain our position as the economic giant of Africa.\u201d<\/p>\n\n\n\n
Gov. Uba Sani of Kaduna State, while declaring the trade fair opened said the occasion was a celebration of the entrepreneurial spirit and economic vitality that defined the state.<\/p>\n\n\n\n
The governor, who was represented by Mr Yusuf Seleh, Permanent Secretary, Ministry of Business, Innovation and Technology said that the state government will soon support 4,000 small and medium enterprises in the state with about N4 billion.<\/p>\n\n\n\n
Sani said, \u201cThis is to enhance the lifeblood of our economy and it is emparative that we provide them with the necessary tools and resources to flourish.<\/p>\n\n\n\n
\u201cThrough this programme, we will offer financial assistance, training and mentorship to empower these businesses to grow and create job opportunities for our people.<\/p>\n\n\n\n
\u201cAlso, the Kaduna State Government has signed into law, the State Security Trust Fund.<\/p>\n\n\n\n
\u201dThis is a very important step in enhancing the safety and security of our citizens and businesses.<\/p>\n\n\n\n
\u201cThis fund will enable us engage in cutting edge security measures and technologies to ensure the protection of all residents and visitors in our dear state.\u2019<\/p>\n\n\n\n
Sani said that he had also signed the financial inclusion agreement, underscoring the state government\u2019s commitment to improve access to affordable financial services regardless of income level or location.<\/p>\n\n\n\n
He said, \u201cBy promoting financial inclusion, we are encouraging our people to save, invest and secure their financial future.\u201d<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Kaduna, Feb. 25, 2024: The yearly Kaduna trade fair has kicked off with the Federal Government reporting that it has implemented some strategic reforms to restore economic stability in the country. Mr Abbas Tajudeen, Speaker, House of Representatives, said on Saturday at the opening of the 45th Kaduna International Trade Fair in Kaduna. The fair […]<\/p>\n","protected":false},"author":2,"featured_media":4754,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[323],"class_list":["post-55820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-trade-fair","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n