The Federal Government says one of its major areas of focus in its industrial plan, post-COVID-19 era is the sustainability of existing businesses in the country.
Adeniyi Adebayo, Minister of Industry, Trade and Investment disclosed this in an address at the virtual annual conference of the Institute of Directors (IOD) where he was the Guest of Honour.
Adebayo, in a statement by his Special Adviser on Media, Ifedayo Sayo, said the pandemic had brought up the need to come up with strategies toward ensuring survival of existing businesses and attracting more foreign investment.
He said the pandemic also necessitated an increase of governments focus toward ensuring sustainability of existing businesses.
This, he said, was specifically in the areas of access to financing and markets, tax relief and improvement in the Ease of Doing Business.
According to him, the industrialisation strategy is inclusive and recognises the important role that Micro, Small, and Medium Enterprises (MSMEs) play in sustainable economic growth.
The minister said it also amplified the critical conversations that should help shape boardroom decisions across all the sectors of the economy.
He said the programmes and advocacy activities of the IOD had continued to serve as a strong corporate governance guide and compass for all directors, and indeed managers and staff, in their decision-making processes and daily business interactions.
