More details have emerged on why the Acting President, Yemi Osinbajo earlier in the week inaugurated the Presidential Industrial Policy and Competitiveness Advisory Council (PIPCAC).
The Council which he, Osinbajo will serve as the Chairman had two Executive Vice chairmen.
Whereas the Minister of Investment, Commerce and Industry, Dr. Okechukwu Enelamah will serve as the Vice Chairman, Public Sector, Aliko Dangote will serve as Vice Chairman, Private Sector.
Business Hilights recalls that the Federal Executive Council had given the approval for the establishment of the council during its meeting held on March 15.
Inaugurating the Council, Acting President made it clear that the country will find it difficult to industrialize without the collaboration of the public and private sectors, saying “The public sector, by itself, cannot do business and simply cannot even deliver on any industrialization effort”.
While agreeing that “Government does not make the best businessmen and women,” he said with the crop of members in the Council, they will be able to come up with good policies on how to grow manufacturing.
Members of the Council from the Private Sector include the Chairman of Nigerian Breweries and PZ Cussons, Kola Jamodu; Chairman of BUA Group, Abdulsamad Rabi and Chairman of IVM Innoson Group of Companies Limited, Dr. Innocent Ifediaso Chukwuma.
Others are – GMD of Chi Foods Nigeria, Mr. Rahul Savara; Chairman of Flour Mills of Nigeria Plc, John Coumantarous; CEO of Emzor Pharmaceuticals, Stella Okoli; Country Head of Olam Group; Mukul Mathur; President/CEO of Beloxxi Industries Limited, Obi Ezeude; MD/CEO of Fidson Healthcare Plc, Fidelis Ayebea and Founder of Flutterwave, Iyinoluwa Aboyeji.
Also listed are – President/CEO of GE Business Operations Nigeria, Lazarus Angbazo; CEO of Jumia, Mrs. Juliet Anamah; CEO of SecureID Nigeria Limited, Mrs. Kofo Akinkugbe; Chairman/C.E.O of AMMASCO International Limited, Ado Mustapha; Chairman of KAM Industries, Kamaldeen Yusuf; Chairman of United Textiles Plc, Adamu Atta; CEO of Swift Networks, Charles Anudu; Chairman of Rumbu Sacks Nigeria Limited, Ibrahim Salisu Buhari, Chairman of Tofa Group, Isiaku Tofa; MD/CEO of Proforce Limited, Ade Ogundeyin and President of Manufacturers Association of Nigeria, Frank Udemba Jacobs.
Other Public Sector members include the Minister of Budget and National Planning, Senator Udoma Udo Udoma; Minister of Finance, Kemi Adeosun; Minister of Agriculture and Rural Development, Audu Ogbeh; Minister of Power, Works and Housing, Babatunde Raji Fashola; Minister of Transportation, Rotimi Amaechi; Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, Minister of Mines and Steel Development, Kayode Fayemi; Minister of Science and Technology, Ogbonnaya Onu; and Governor of Central Bank of Nigeria, Godwin Emefiele.
Technical members of the Council include the Economic Adviser to the President, Yemi Dipeolu; Trade Adviser/Chief Negotiator, Chiedu Osakwe; MD of Bank of Industry, Waheed Olagunju; Executive Director/CEO of Nigerian Export Promotion Council, Olusegun Awolowo; Executive Secretary, Nigeria Investment Promotion Commission, Yewande Sadiku; Statistician-General, National Bureau of Statistics, Yemi Kale and CEO of Economic Associates, Ayo Teriba.