Ex- Military Head of State, General Abdulsalami Abubakar (retd.) says overdependence on importation is not good for Nigeria.
Abubakar spoke on Saturday in Nnewi, Anambra State, while inaugurating some projects for some private firms.
He expressed optimism that the entrepreneurial spirit of Nnewi businessmen in the state had the potential to grow the country’s economy.
He stressed that any country dependent on importation was doomed.
Abubakar, during a tour of some factories in Nnewi, commended the entrepreneurial spirit of Chickason Group, Innoson Motors and others in the state.
He urged industrialists in the state not to relent, saying he will advance their cause at the appropriate quarters.
“What is happening in this community gives hope for this country,” he said.
In his remarks, the Chairman of Chickason Group, Chika Okafor, lamented the dearth and high rate of foreign exchange.
Okafor said, “Government should support us in Nnewi. This is the only town that has grown to what it is today with 99 per cent contribution from indigenes, and almost nothing from the government.
“We face several challenges, but the most pressing ones are power and foreign exchange for the procurement of raw materials. We use 175,000 litres of diesel every week. We are managing to sustain the factory from what we make from other businesses.” Click to signup for FREE news updates, latest information and hottest gists everyday
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