How Buhari’s policies are creating more indigenous businesses-BMO

The emergence of new indigenous companies and the growing expansion of old ones across the country is a clear indication that the Federal Government policies on economic diversification, job creation and creating an enabling environment for businesses to thrive are working.

The Buhari Media Organisation (BMO) made this assertion in response to the recent inauguration of a new 3-million metric tonnes per annum BUA Cement Sokoto Line 4 Factory by President Muhammadu Buhari.

In a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke in Abuja, BMO said it is gratifying to note that Nigerian indigenous companies are taking advantage of government policies and incentives on the ease of doing business to grow their businesses and boost productivity.

“Nigerians, particularly those in the business community, are assured that President Muhammadu Buhari’s administration will continue to do everything in its power to put in place necessary measures and robust policies to assist local and international investors to succeed in their bid to boost the nation’s economy”.

BMO observed that the growing increase of indigenous companies over the years has “created the opportunity for the government to rake in more revenues and improve employment opportunities for Nigerians. The administration will not relent in its ongoing efforts to diversify the nation’s economy”.

“It is on record that the Buhari administration has done more than any other since the country returned to democracy twenty years ago, in the area of diversifying the economy, provision of infrastructural development and creating an enabling environment for businesses to thrive through various intervention funds to assist farmers, business owners, indigenous investors and various category of Nigerians,” the group said.

As a responsible government, BMO said the administration will ensure that relevant structured platforms are established for monitoring and evaluation of the performance of the Ease of Doing Business and improved Government patronage of ‘made-in-Nigeria’ products.

“President Muhammadu Buhari will continue to improve the patronage of locally made goods, bridge the gap between skills required by industry and those provided by our tertiary institutions and ensure seamless access to long term finance for our Small and Medium-Scale Enterprises,” it said.

BMO said the Buhari administration will continue to work with the business community and relevant agencies of government in the areas of policy, trade and creating an environment to facilitate the growth of businesses in Nigeria.

The group also emphasized that despite limited resources, the administration has made appreciable progress in road and rail infrastructure development, provision of stimulus packages for the manufacturing sector, improvement in energy management and support for exporters to improve the operating environment for businesses in Nigeria.