Minister of Industry, Trade and Investment, Okechukwu Enelamah has denied mismanaging a $160 million World Bank project and unlawfully diverting $35 million, part of money meant for Growth and Employment (GEM) as alleged by the Human and Environmental Agenda (HEDA) in its petition to the Economic and Financial Crimes Commission (EFCC).

In a statement issued by Bisi Daniel, his spokesman, Enelamah said;

“Contrary to the allegations, GEM project has been a success story. It has contributed to the diversification of the Nigerian economy, by supporting sectors that have high growth potential and create massive employment.”

“The project supports micro, small and medium-sized enterprises (MSMEs) operating in five high potential sectors of the economy, namely: ICT, entertainment, tourism, hospitality, light manufacturing, and construction.”

“It also offers more direct support to firms channelled through a platform- called the Business Innovation and Growth (BIG) Platform – to provide various trainings, technical assistance and grant schemes.”