Nigeria’s heavy reliance on imported goods, often when local alternatives are available, has not only impacted its own economy but also contributed to the growth of other nations.
This concern was raised by the UNIDO Regional Director for West and Central Africa, highlighting the need for Nigeria to strengthen its domestic industries and reduce its dependency on foreign products.
According to dailytrust.com, UNIDO Regional Director for West and Central African regions, Mr. Jean Bakole, made this declaration in Lagos, yesterday, when he declared open the Made-in-Nigeria Exhibition session during the 51st Annual General Meeting (AGM) of the Manufacturers Association of Nigeria, MAN.
He noted that due to the prevailing economic situation in the world, and in particular in the African region, the time is apt for all Nigerians to start patronising goods and services produced locally to encourage local manufacturers to support economic growth.
“Nigeria can easily experience a breakthrough in the quest for local content development and a stable, strong and advanced economy if Nigerians would encourage the production and patronise made-in-Nigeria products. It 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. Over-dependence on importation of goods weakens the currency, creates unemployment, and consistently reduces the GDP,” he said.
He added that local production will promote gainful employment for Nigerians and will reduce the dependence on the consumption of foreign products and reduce poverty.
MAN President, Otunba Francis Meshioye, urged the government to take immediate action to promote Made-in-Nigeria products among MDAs, adding that a special day should be designated as “Proudly Nigeria Day,” where individuals and MDAs would be encouraged to dress in Made-in-Nigeria outfits and prioritise the purchase of products that are locally made.
