Nina Jojer
Submission to the Presidential Commitee on Fiscal and Tax reforms
Manufacturing
Published on 2023-12-30
Industrialisation, Manufacturing, Trade, Tax, Plastics, Investment, Fiscal Policy
This report stems from the Industry Breakfast Session held on the sidelines of the NESG Summit 2023, focusing on "Manufacturing for Prosperity: A Roadmap for Industrial Growth." Based on insights from both public and private sectors, supported by data, it underscores the imperative for economic policy coordination, business-friendly measures, and the removal of trade obstacles. Key highlights include:
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Advocating for collaboration and coordination among Ministries, Departments, and Agencies, spearheaded by key figures like the Minister of Finance. Key sectors for focus encompass education, industry, trade, mining, agriculture, environment, communication, innovation, science, technology, transport, and work.
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Strategically aligning trade and investment policies with ECOWAS, AfCFTA, and global trade dynamics, leveraging Nigeria's geopolitical position, particularly in the context of West-China trade disputes.
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Integrating fiscal incentives into trade and investment policies to stimulate industry growth.
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Strengthening the ties between industry and education, emphasizing specific sectors and fostering innovation from tertiary institutions.
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Introducing incentives for emerging sectors such as circularity/plastics, attracting ESG capital, technology, and foreign investments to stimulate job growth and enhance capabilities.
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Emphasizing stability and coordination in fiscal policies to fortify industrial development.
The report has been submitted to the Presidential Committee on Fiscal Policy and Tax Reforms for their consideration and policy development. The session was sponsored by the Coca Cola Hellenic Nigerian Bottling Company and conceptualised by the Nina Jojer team.