Author Topic: ?Local Patronage Of Goods?ll Stimulate Growth, Create Jobs?  (Read 113 times)

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?Local Patronage Of Goods?ll Stimulate Growth, Create Jobs?
« on: December 05, 2017, 06:36:30 AM »
The Minister of State, Industry, Trade & Investment, Mrs. Aisha Abubakar, yesterday said patronising made-in-Nigeria goods and services will stimulate economic growth and crate jobs for the youths.

The minister who spoke in Lagos at the flag-off of ?campaign for patronage of made-in-Nigeria products and services? said the inward looking initiative of the current administration is expected to boost the nation?s economy by reviving the local industries to produce goods of international standards.

According to her,  some of the products the nation has competitive advantage in are textile, furniture, food and drinks, leather and leather products.

She said  if these resources are exploited, it will lead to the generation of jobs, promote culture and tourism sector, create wealth, reduce poverty and increase the foreign exchange earnings capacity of the country.

She said: ?The promotion of made-in-Nigeria products and services will also stimulate growth and promote innovation in our Medium Small and Micro Enterprises (MSMEs). In addition, it will boost financial inclusion and overall security of the country, two key elements essential for sustained economic prosperity and development.?

She said the Federal Government has put plans in motion to translate the MSMEs into bigger platforms noting that many of the operators are small but with quality products. She the MSMEs have not only improved the quality and standards of their products but also packaging. She said is prepared to group the small businesses into clusters, boost them financially and also offer advisory services in the areas of marketing.

Minister of Information & Culture, Alhaji Lai Mohammed, while commending the local manufacturers said the ?Executive Order? is expected to boost the patronage of locally produced goods and services. He said the procurement policy of the government makes it compulsory for ministries and agencies to patronise locally made goods. He encouraged manufacturers to continuously work to improve the quality of their products and also deploy information technology (IT) tools in marketing their products.

Earlier, Lagos State Governor, Mr. Akinwumi Ambode said the craze for foreign goods and services brought the country to its current situation.

 

He urged the Federal Government to stimulate export and encourage the consumption of locally produced goods with innovative policies.

Ambode said the state?s partnership with Kebbi government in rice production has resulted in sharp drop on rice importation and the conservation of the much needed foreign exchange.

Represented by the Commissioner of Commerce & Industry, Prince Rotimi Ogunleye, the governor said the state has encouraged the growth of several MSMEs through various capacity and empowerment programmes in addition to ensuring supportive investment matching of small businesses in the state.

He said this has encouraged job and wealth creation for entrepreneurs in the state. According to him the nation cannot grow sustainably except non oil export is encouraged.

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?Local Patronage Of Goods?ll Stimulate Growth, Create Jobs?
« on: December 05, 2017, 06:36:30 AM »

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