FG promises to support local enterprises for economic growth
Businesses
By Oluwatope Lawanson
The Federal Government says it will continue to support indigenous companies to survive and excel, as a strategy to transform the economy.
Vice-President Kashim Shettima
gave the assurance during a visit to mark the 20th anniversary of SecureID Manufacturing Facility at Iyana-Isolo, in Lagos.
The News Agency of Nigeria (NAN) reports that SecureID is a certified smartcard manufacturing plant that produces smart cards.
It produces smart cards for banks, including MasterCard, Visa and Verve, as well as SIM cards for telecommunition companies.
Shettima also said that the government would create opportunities for emergence of more companies that would transform the economy.
The vice president said that the government’s policies would be geared toward ensuring the growth of local industries.
He emphasised the importance of innovation and entrepreneurship in driving Nigeria’s economic growth.
He also noted the importance of Nigeria’s digital transformation in the knowledge-driven post-industrial age.
According to him, President Bola Tinubu has demonstrated that the survival of enterprises is crucial for a vibrant economy.
He highlighted the government’s efforts to revitalise the economy through fiscal reforms and other initiatives.
He praised SecureID for remarkable successes, noting its capacity to manufacture 200 million cards per annum, including international passports and voter cards.
“Our needs as a nation are unique; so are the expectations from our enterprises.
“As a government, we will continue to support enterprises by fostering an environment where innovation thrives and every citizen has the opportunity to succeed,” he said. (NAN)
Edited by Ijeoma Popoola
Published By
Has also recently published
General NewsAugust 29, 2025GIZ pushes for small claims courts to aid MSME disputes
FeaturesAugust 28, 2025Driving transformation in Nigeria’s energy sector through MDGIF infrastructure investments
General NewsAugust 27, 2025FHA to unveil nationwide housing projects, urges early registration
HealthAugust 27, 2025Roche, NHIA cut cost of cancer drugs by 80% at UMTH
