President Muhammadu Buhari has hinted that Nigerians get ready to
patronise products made in the country after he pledged that his
administration will implement essential reforms to protect Nigerian
manufacturers from unfair competition from abroad.
“We will no longer allow our markets to be
flooded with things we can produce
ourselves. We must believe in our system.
Whenever you need my intervention at
anytime, please come to me, ” President Buhari told
the Permanent Secretary, Abdulkadir Musa and senior officials.
At a meeting with the Permanent Secretary of the Federal
Ministry of Industry, Trade and Investment, and senior officials of
relevant agencies.
President Buhari made it clear that with its focus on
job creation, his government was ready to do whatever it considers
necessary to boost domestic production and industrialisation.
The President said that his administration will fully support the
effective implementation of the plan evolved by the Ministry to
boost local manufacturing through legal, regulatory and structural
reforms, lower interest rates, special intervention funds, protection
of local manufacturers and significant improvements in national
infrastructure.
“With high interest rates and entrepreneurs needing trillions of
Naira to buy machinery, we are virtually back at Ground Zero as
far as industrial development is concerned.
“So, we will shun all anti-development policies, and make the
climate more suitable for entrepreneurs. We will create the
environment for them to thrive. Generating employment was one of
our key campaign promises and we will keep that promise.
The Permanent Secretary and his team told the President that the
objective of the Ministry’s Industrialisation Plan was to create more
jobs, diversify exports and broaden the country’s tax base.
They said that the plan’s critical success factors included dialogue
and consultation with industry stakeholders, essential reforms and
greater collaboration among relevant agencies.
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