President Muhammadu Buhari has hinted that Nigerians get ready to patronise products made in the country after he pledged that his administration will implement essential reforms to protect Nigerian manufacturers from unfair competition from abroad.
“We will no longer allow our markets to be flooded with things we can produce ourselves. We must believe in our system. Whenever you need my intervention at anytime, please come to me, ” President Buhari told the Permanent Secretary, Abdulkadir Musa and senior officials.
At a meeting with the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, and senior officials of relevant agencies, President Buhari stressed that with its focus on job creation, his government was ready to do whatever it considers necessary to boost domestic manufacturing and industrialisation.
The President said that his administration will fully support the effective implementation of the plan evolved by the Ministry to boost local manufacturing through legal, regulatory and structural reforms, lower interest rates, special intervention funds, protection of local manufacturers and significant improvements in national infrastructure.
“With high interest rates and entrepreneurs needing trillions of Naira to buy machinery, we are virtually back at Ground Zero as far as industrial development is concerned.
“So, we will shun all anti-development policies, and make the climate more suitable for entrepreneurs. We will create the environment for them to thrive. Generating employment was one of our key campaign promises and we will keep that promise.
The Permanent Secretary and his team told the President that the objective of the Ministry’s Industrialisation Plan was to create more jobs, diversify exports and broaden the country’s tax base.
They said that the plan’s critical success factors included dialogue and consultation with industry stakeholders, essential reforms and greater collaboration among relevant agencies. Click to signup for FREE news updates, latest information and hottest gists everyday
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Nice move,hope the so called Made in Nigeria goods and products would be up to international standard in quality and quantity.I am sure if much efforts are put into making goods in Nigeria come out really as standard and durable as imported good,people would easily have the change of attitude to patronise them but if the standards are rubbish then things wont change.
ReplyDeleteHere we go again, the so call imported standard was developed over a period of time. So when you but locally made goods and give your feedback to the company they will compete very well with international companies
DeleteDEAD BRAIN
ReplyDeleteDis is tip of d ice berg, buhari mentality is 100% effective. If only I can get access to Mr president, tinz would develop fast b4 his tenure is over. My number 1 project in mind is making nollywood more advance dan Hollywood. No.2 is opening a parastatals to make use of all d oda product extracted from crude oil into finish goods in order to eradicate importation of common tinz to 80% thereby creating massive employment opportunities in d country. If I can tink and have d executive mind to do dis two tins, I 1da wat oda sensible ppl like me have in mind. D problem is just un-qualified baboons are wasting nigeria's opportunity to b great.
ReplyDeleteDis is tip of d ice berg, buhari mentality is 100% effective. If only I can get access to Mr president, tinz would develop fast b4 his tenure is over. My number 1 project in mind is making nollywood more advance dan Hollywood. No.2 is opening a parastatals to make use of all d oda product extracted from crude oil into finish goods in order to eradicate importation of common tinz to 80% thereby creating massive employment opportunities in d country. If I can tink and have d executive mind to do dis two tins, I 1da wat oda sensible ppl like me have in mind. D problem is just un-qualified baboons are wasting nigeria's opportunity to b great.
ReplyDelete