Jonathan’s industrial revolution plan best for economic growth –Otabil

Chairman of the project management team of the BUY NAIJA campaign, William Iheanacho Otabil, said the recently-launched industrial revolution plan of President Goodluck Jonathan was best for the country’s economic growth.
President Jonathan had described the National Industrial Revolution Plan, NIRP, as the most ambitious and comprehensive road map designed by his administration to transform the nation’s industrial landscape, boost skills development, conserve foreign exchange, as well as enhance job creation.
“The goal of the Nigeria Industrial Revolution Plan is to increase the contribution of the manufacturing sector to GDP from the present four per cent to more than 10 per cent over the next five years,” Jonathan had said.
“This will boost the annual revenue earnings of the Nigerian manufacturers by up
to N5trillion per annum.”
Describing the development as the best thing that had happened to the economy, Otabil said the NIRP would drive the nation’s economy through home-grown industrialisation as well as job creation.
He said:”If Nigeria is to actually take her place among the world’s 20 most advanced economies by the year 2020, then, the nation’s work-age population must be provided with the opportunity of gainful employment.
“This will require government action and private sector participation in the speedy creation of jobs in a country with a long history of unemployment challenges,” Otabil said.