Over-Dependence On Importation Killing Manufacturing – Fashola

Over-Dependence On Importation Killing Manufacturing - Fashola
Gov. Babatunde Fahola

Nigerians have been advised to show more interest on locally-made products than imported ones because of the adverse effect foreign products on importation

The call was made by the governor of Lagos State Babatunde Fahola (SAN) at the 47th Annual General Meeting of the Manufactures Association of Nigeria (MAN), Ikeja branch held last week in Lagos with the theme “Creating a Vibrant Economy through Entrepreneurial Development”.

According to him “the likely danger posted by over-dependence on oil revenue and imported products have all but stopped the patronage of made-in-Nigeria products”

He further stated that the manufacturing sector no doubt hold the key to the growth and development of the economy if it can be empowered to perform maximally.

Governor Fashola said that the Lagos State Government was contributing in the patronage of local products by embarking on entrepreneurial development through the Lagos Youth Empowerment Scheme which has churned out up to 10,0000 entrepreneurs who are now employers of labour in the country.

Also speaking at the event the Chairman of MAN Ikeja branch, Prince Oba Okojie, centred his speech on the role of government towards a more conducive and viable economic environment.

He said “We have to demand from our government to make favourable to make favourable policies that will save the economy and help it to the standard of the economies of developed worlds”

He further stated that “government has to put a workable mechanism in motion that will bring down the cost of doing business in the country, encourage investment by providing a conducive atmosphere, and maintain security of its policies to ensure credibility, check importation to accelerate local production and legislate a law that will ensure that Nigerians patronise locally made products more than imported ones”

Mr Alex Otti, the Group Managing Director of Diamond Bank and also the guest speaker advocated for  ’Entrepreneurship’ to be incorporated into  the educational curriculum so t6hat students will come out of from schools as employers of labour not job seekers.

He beckoned on the government and other relevant agencies to do their part to ensure that Nigerian youths are empowered to be self-sufficient and contribute to growth of the economy than engage in social vices.

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