Nigeria’s Minister of State for Industry, John Enoh, says the President Bola Tinubu’s administration is tackling most of the issues that are making industries to close down or leave the country.

According to him, issues regarding power, infrastructure, bureaucratic bottlenecks and ease of doing business are being tackled by the government and has brought back confidence among industrialists.

“All those challenges and problems were that the reasons why industries closed shops and left, the number that did, we had a thematic area on power, infrastructure, affordable short term finance, bureaucratic bottlenecks, and ease of doing business, all of these things we are tackling.

“And I can assure you that the kind of confidence that this government has brought in itself has stopped the closure of industries, has given more confidence for further industrial growth and doing more to restore confidence,” Enoh said.

He stated that Tinubu recognised the importance of the industry in the economy, which is why, after one year, instead of having a single minister in charge of trade and investment, he appointed him to oversee the industry.

Enoh further noted that in the two years of this administration, there have been no reports of industries shutting down or leaving the country.

He insisted that the confidence of industry owners have been boosted since Tinubu took over and that more efforts are being made to ensure that businesses are protected.