The Minister of Trade and Investment, Mr. Olusegun Aganga, has signed a performance contract with directors and chief executive officers of agencies and parastatals under his ministry, and directed them to meet the deadlines contained in their respective Key Performance Indicators.

A statement from the ministry on Sunday said the minister gave the deadline during the signing ceremony of the contract in Abuja.

Aganga said the objective of the performance contract was to ensure that those entrusted with leadership positions delivered on their respective mandates to the people.

He said, “The objective of signing the performance contract is very clear; we want everybody to be performance-focused. By doing this, we will be focused on how we deploy our human and financial resources to improve the lives and welfare of the Nigerian people. When you present a budget for a project, you must be able to justify why that amount should be allocated to you and what the country will get in return.

“If we all adopt this style, it will be good not only for the President and all the ministers, but also for the entire country because we have all been elected or appointed to serve the Nigerian people. And the only way to serve is to deliver on what the people have elected us to do.”

“So, I am delighted that we have signed the performance contract, first with the Permanent Secretary, directors of each of the departments and directors-general of agencies and parastatals under the ministry.”

Aganga explained that the key performance indicators were designed after due consultation with the permanent secretary, directors and chief executive officers of various agencies and parastatals within the ministry, adding that the KPIs would be reviewed to reflect emerging developments.

He said, “In determining the key performance indicators, we solicited the views of all those involved and also held discussions with them to ensure that there are no expectation gaps in terms of what is expected from them.”

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