Manufacturers association exhibits support for made-in-Nigeria products.
At the opening of the Manufacturing Association of Nigeria (MAN) three-day exhibition tagged made-in-Nigeria that was held in Lagos, the exhibition, which took place from October 17-19, 2022, and features 100 exhibitors, was one of the activities to mark MAN’s 50th annual general meeting. During the event, the association (MAN) emphasized the need for people to value and patronize goods and products that were produced locally in order for the country to achieve a self-reliant economy.
Since MAN’s goal in hosting the exhibition is to promote domestically produced goods, it has worked tirelessly to encourage not just the Nigerian government but also the general public to buy products with the Made in Nigeria label. Speaking at the event, Mansur Ahmed, the President of MAN, made the following statement in the affirmation that achieving self-reliance would not only improve and deepen our economy but would also position us to play a dominating role in the emerging continental market.
Government needs to set an example by purchasing Nigeria-made products.
Ahmad advocated the patronage of made-in-Nigeria products in order to accomplish the goal. He added that the association has continuously urged the federal government and all its agencies to lead by example, by making sure that all procurements and purchases of goods needed by the government are produced by manufacturers in Nigeria. This is because it is only then that the government and all other partners can now encourage other Nigerians to buy made-in-Nigeria goods rather than imported ones willfully.
Furthermore, he pointed out that the economy of the country has been struggling over the past few years, not only as a result of external factors like COVID-19 but also as a result of policy directions, which have not been helpful to the local economy. However, both Executive Order 003 and Executive Order 005 highlighted the determination of the federal government to increase domestic production by favoring commodities that were manufactured locally in Nigeria. In this context, the Presidential Committee on its Monitoring of the Implementation of Order 005 ought to get to work right away, or at the very least be asked to do so.
Business-friendly policies will solve foreign exchange shortages.
Recently, Nigerian manufacturers have been having a difficult time gaining access to the foreign currency that is required of them to import raw materials, replacement parts and machinery because the foreign exchange shortage continues to get worse. However, the creation and execution of business-friendly policies have been highlighted as a potential solution for this long-time problem of a lack of available foreign exchange for businesses to use in getting necessary materials and meet demands.
The association believes that it is vitally necessary that, at this point in time, when the government is taking into consideration the economic policies and programs that have been developed to bolster the economy, implementation receives the critical and particular attention that it deserves, Ahmad added that they want to reassure everyone that the Manufacturers Association of Nigeria and the industry as a whole will respond to the situation and ensure that they build on the existing capacities and continue to enhance the quality of our goods as well as our competitiveness, despite all of the challenges that they are up against.
Hassan urged the CBN Governor to contribute to the sector’s growth.
Moreover, speaking on the same, Hassan Adamu, a former president of MAN and the event’s guest speaker, stated in his remarks that the fate of the industry in Nigeria would depend on whether or not we think outside the box. Then, he used the media to urge the Governor of the Central Bank to provide the industry special attention and allocation, implement policies that would boost exports, and also permit people who have a foreign exchange to maintain and access it.
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For goods in Nigeria to have more patronage, government and people in government should really started using Nigeria made products this will influencing the citizens to start patronising as well.
Yes this is the only way we can he’ll our self develop more in Nigeria. We need to start using our home produced products and drop foreign ones.
Every successful country must promote its own products which other countries will buy from us and we citizenry will patronize ur own products also in other too develop our country.
We have to start using our own made product. If we are using it, it will make other countries to purchase it to make use of it but if we Nigerian are not making use of it other countries will not use it as well. And also when the product are not authentic people will not use it even your own country people will not use it so if they want people to start using our product they have to make the product good and authentic
Promoting our products and helping infant industries is essential to the nation’s economic growth.
local production and consumption must be prioritized if a country is to become economically independent.
Association has encouraged the federal government and all its agencies to lead by example by purchasing goods from Nigerian manufacturers.
The country’s economy has struggled in recent years due to COVID-19 and unhelpful policy initiatives.
We have to stress the importance of the general populace recognizing the value of locally made goods and products and supporting such businesses in order for the nation to become economically self-sufficient.
MAN has exerted an extraordinary amount of effort, not just to persuade the Nigerian government but also the Nigerian populace as a whole to purchase items with the Made in Nigeria logo.
There has to be limits on importation so as to encourage the use of locally made products.
In order to achieve our objective, it is important that we show support for locally produced goods created in Nigeria.
Acquiring a degree of self-sufficiency would not only strengthen and broaden our economy, but it would also put us in a position to assume a preeminent position in the growing market on the continent.
It is only at this point that the government and all other partners would be able to now persuade other Nigerians to purchase items manufactured in Nigeria rather than willingly purchasing goods imported from other countries.
Only after that would the government and all of the other partners be able to now persuade other Nigerians to purchase items created in Nigeria rather than willingly purchasing goods imported from other countries.
We need to put pressure on the Governor of the Central Bank to give the sector particular attention and allocation, to enact policies that would encourage exports, and also to let those who already have foreign currency to keep it and access it.
Government of nigeria no even believe in Nigeria production. They prefer other country product. Government dont even want to promote or assist this country production. Government is the reason of all this.Government refuse to fix education because the prefer their children studying out the country. Government refuse to fix our hospitals because them and their family travel out for medical check up. Is hard for them to help the country to grow
As regards to Hassan Adamu…the Governor of the Central Bank to provide the industry special attention and allocation, implement policies that would boost exports, and also permit people who have a foreign exchange to maintain and access it.
This is very important thing to do to help our industries. The manufacturers also need to promote the Nigerian made products and we supply it to the consumers.
It would have been better if we can be consuming what we are producing here in Nigeria it will contribute to the growth of our economy. It is most unfortunate that the government who should have champion the buying of Nigeria made products will be the one patronizing foreign products.
Let Nigerian start consuming our own products rather than patronize foreign goods. Let us improve our economy in the process.