FCTA Approves Domestication of Trade, Investment

In order to accelerate the volume of trade, investment and industrial development of the Federal Capital Territory (FCT) Executive Committee has approved the of domestication of FCT Trade and Investment Policy.
The FCT Minister, Senator Bala Abdulkadir Mohammed, while making the disclosure, said that the executive council gave its nod on the policy, on Monday, during its meeting, in Abuja, to ensure strict compliance of trade investment.
Bala reiterated that the overall objective of the domestication policy was to accelerate the pace of industrial development, by radically increasing value added at every stage, and increase total factor productivity (TFP) by pursuing knowledge and skill for intensive production renewal for sunset industries and encourage innovation.