Lagos, Oct. 18, 2023: The Manufacturers Association of Nigeria (MAN) and United Nations Industrial Development Organisation (UNIDO) have tasked the Federal Government to increase support for indigenous manufacturers to enhance production of made-in-Nigeria goods.<\/p>\n\n\n\n
Amb. Jean Bakole, UNIDO Regional Director for West and Central African regions, gave the advice on Tuesday in Lagos at a three-day Made-in-Nigeria Exhibition (MANEXPO) 2023.<\/p>\n\n\n\n
Bakole said Nigeria as a leading economy in Africa was expected to make steady progress through inclusive and sustainable industrial development.<\/p>\n\n\n\n
He said to achieve this, support for local manufacturers, Micro, Small and Medium Enterprises (MSMEs) and start-ups involved in producing made-in-Nigeria goods was pertinent.<\/p>\n\n\n\n
He, however, noted that the country over the years, had been growing other countries\u2019 economies through over-dependence on imported goods, especially those with local substitutes.<\/p>\n\n\n\n
\u201cYet, Nigeria can easily experience a breakthrough in the quest for local content development if Nigerians will encourage and patronise made-in-Nigeria products.<\/p>\n\n\n\n
\u201cIt is a well-known fact that the economy of any nation grows rapidly when locally made goods are promoted through patronage, first by its people, then through export,\u201d he said.<\/p>\n\n\n\n
He noted that the intervention of the Federal Government in developing local industries would boost economic growth and development.<\/p>\n\n\n\n
He enumerated such benefits to include increase in the Gross Domestic Product, employment generation and reduction in the cost of production.<\/p>\n\n\n\n
\u201cTherefore, government should sustain the tempo through appropriate policies, provision of basic infrastructure and other key incentives and continued support to MAN,\u201d he said.<\/p>\n\n\n\n
Also speaking, Mr Francis Meshioye, MAN President, said the exhibition was designed to showcase the strength of Nigeria\u2019s manufacturing sector and to boost patronage of Made-in-Nigeria products.<\/p>\n\n\n\n
Meshioye acknowledged the contributions of some government policies aimed at improving local content development and patronage, including Executive Orders 003 and 005.<\/p>\n\n\n\n
He said there was the need for the new administration to focus on deepening domestic production and patronage of made-in-Nigeria products.<\/p>\n\n\n\n
\u201cIt is reassuring to note the government\u2019s avowed commitment to curbing trade practices that has turned Nigeria into a dumping ground for imported products.<\/p>\n\n\n\n
\u201cIt is important that government takes drastic action to ensure the effective implementation, monitoring and evaluation of it\u2019s policy direction on made-in-Nigeria products in relevant MDAs, \u201d he said.<\/p>\n\n\n\n
The MAN president also expressed anticipation for a future in Nigeria where the government would designate a special day on the national calendar as \u201cProudly Nigeria Day\u201d.<\/p>\n\n\n\n
\u201cSuch initiatives would serve as catalysts to boost both the production and consumption of made-in-Nigeria goods,\u201d he said.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Lagos, Oct. 18, 2023: The Manufacturers Association of Nigeria (MAN) and United Nations Industrial Development Organisation (UNIDO) have tasked the Federal Government to increase support for indigenous manufacturers to enhance production of made-in-Nigeria goods. Amb. Jean Bakole, UNIDO Regional Director for West and Central African regions, gave the advice on Tuesday in Lagos at a […]<\/p>\n","protected":false},"author":2,"featured_media":4997,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[686],"class_list":["post-53600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","tag-manufacturers","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n