Saturday, October 26, 2013

FG inaugurates national competitiveness council

The Federal Government has appointed a Chief Executive Officer for the National Competitiveness Council of Nigeria (NCCN) to run the affairs of the Council.
The Council, which is being chaired by the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, with representatives from the Manufacturers Association of Nigeria (MAN) and the Nigerian Economic Summit Group, among others is now being head by Mr. Chika Mordi.
Speaking during the inauguration of the new CEO in Lagos, Aganga said objective of the Council is to work towards improving the country’s global competitiveness ranking, adding that it would liaise with the World Economic Forum (WEF) and the private sector to achieve set target.  
He said: “The National Competitiveness Council was inaugurated by President Goodluck Jonathan some months ago, as a private sector-led organisation. The idea of setting up the council is to help improve the competitiveness of Nigeria, which of course, will lead to increased productivity of local companies.”
Continuing, the Minister explained that the Council would advocate initiatives in a number of areas including matters that affect the macro-economy, capital availability, infrastructure, cost of doing business, skills innovation, investments, business climate and regulations.

According to him, “the idea is that in order for Nigeria to fully benefit from its competitive and comparative advantage, it is important that we become competitive like the rest of the world.”
He noted that unless Nigeria's develops her huge resources, put the right skills and infrastructure in place, she will not achieve competitiveness, which was why President Goodluck Jonathan inaugurated the council to be driven by the private sector.
According to Aganga, the NCCN whose membership was drawn from both the public and private sectors, would be driven by Mr. Chika Mordi as the new Chief Executive Officer in charge of the day-to day activities of the council, adding that as part of efforts to institutionalise this drive, the NCCN board has been building a strong executive team to deepen its impact.
“We have a few government ministers like myself in the council but largely, members have been drawn from the best in the corporate world in Nigeria as well as Nigerians in the Diaspora.”
Speaking to journalists after the event, the President, Manufacturers Association of Nigeria, Chief Kola Jamodu, said that there was a need to correctly report the ongoing positive developments in Nigeria, adding that it would go a long way at improving the country’s competitiveness ranking globally.

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