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, Lagos on Wednesday.

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 telecommunication companies.

Mr Shettima also said that the government would create opportunities for the 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)