‘We see this initiative as a true and definite demonstration of the government’s commitment to promoting local industries, boosting economic growth, and creating jobs for Nigerians.’
SiakaMOMOH
The Manufacturers Association of Nigeria (MAN) has commended the Federal Government of Nigeria on its “Nigeria First” policy directive aimed at prioritizing patronage of made-in-Nigeria goods and services, and development of local content, which borders on appropriate technical knowledge transfer to Nigerian professionals.
According to the Director General of the Association, Segun Ajayi-Kadir, “This initiative is a welcome development in the right direction. It is a cheering news and long-awaited relief to resilient Nigerian manufacturers, who, despite the tough economic environment, have demonstrated enduring faith in the potential greatness of the Nigerian economy.
“We see this initiative as a true and definite demonstration of the government’s commitment to promoting local industries, boosting economic growth, and creating jobs for Nigerians. By giving preference to locally produced goods and services, we can stimulate demand, increase capacity utilization, and attract investments into the manufacturing sector.”
For him, “MAN believes that this policy will have a multiplier effect on the economy, leading to increased economic activity, improved GDP growth, and enhanced competitiveness of Nigerian industries.”
The MAN DG said, from earlier survey, “the effective implementation of such an initiative ( as should be stipulated in the consequential executive order) would scale investments and potentially boost GDP by 56%, reduce unemployment by 37% and increase firms’ willingness to employ from 1.5% to 22.6%.”
He stressed the need for all tiers of government, private sector entities, and individuals to support this initiative by patronizing made-in-Nigeria goods and services. “This is with a special focus on uniformed government agencies and institutions (including the military and police), the legislature and quite importantly, the Presidency. All government contracts should prioritize the patronage of made in Nigeria materials. So, government needs to consult with manufacturers on the way forward to achieve effective and efficient implementation,” he said.
For him, “The new directive is long overdue, and government, being the biggest spender, would do well to lead by example. This will certainly send the right signals and raise consumer confidence in made in Nigeria products.
“As the umbrella organization for manufacturers in Nigeria, we earnestly look forward to working with the federal government and other tiers of government, their agencies and private sector organizations and businesses to actualise the Nigeria First project.
“I would say that Mr. President has blown the whistle, let the race to realizing the full potentials of our economy begin. Let us recommit to the beneficiation of our natural endowments. Let us put action to consuming what we produce, so that we can expand the production of what we consume. This way, we can build a prosperous, more diversified and inclusive economy that benefits all Nigerians.”
