The National Agency for Science and Engineering Infrastructure (NASENI) has reaffirmed its commitment to advancing local Manufacturing and fostering Innovation in Nigeria’s industrial sector. At a focus group meeting held in Awka, Anambra State, over the weekend, the agency engaged stakeholders, including Technology innovators, government officials, industry leaders, and local manufacturers to discuss strategies for strengthening indigenous production. NASENI, which plays a pivotal role in research and development, emphasised the need to promote locally made goods as part of its broader vision for Economic Growth driven by science and technology.
Despite the optimism surrounding the initiative, stakeholders raised concerns over the persistent Power Supply challenges crippling manufacturing in the state. Many industry players lamented that erratic Electricity had forced numerous businesses to shut down, making production costly and unsustainable. Represented by Commissioner for Industries Christian Udechukwu, Anambra State Governor Prof. Chukwuma Soludo, assured that his administration was actively addressing the issue. He disclosed that a bill currently before the State House of Assembly seeks to establish a power regulator, which would enhance supply integrity, improve access to reliable electricity, and ensure fair pricing.
Manufacturers struggle with limited funding options.
In addition to power constraints, local manufacturers also struggle with inadequate infrastructure and limited access to funding, both of which hinder industrial growth. Many small and medium-sized enterprises (SMEs) find it difficult to secure affordable credit facilities, restricting their ability to expand operations or invest in modern production techniques. High-interest rates and stringent lending conditions further discourage businesses from seeking financial support. Stakeholders at the meeting called for government-backed financing schemes, such as low-interest loans and grants, to ensure that local manufacturers can remain competitive and contribute meaningfully to economic development.
Moreover, NASENI’s emphasis on innovation also highlights the need for greater Investment in research and development to drive industrialisation. Experts at the meeting stressed the importance of bridging the gap between research institutions, businesses, and the government to fast-track the adoption of advanced technology in manufacturing. They argued that stronger collaboration would enhance Productivity and reduce reliance on imported solutions. Without such efforts, Nigeria risks falling behind in global industrial advancements, making it harder for local manufacturers to compete effectively.
Infrastructure challenges hinder industrial growth in Anambra.
Furthermore, infrastructure challenges continue to pose significant obstacles to industrial growth in Anambra. While the government has made progress with road Construction projects, poor connectivity in some areas still drives up transportation costs and disrupts supply chains. Stakeholders urged the state to accelerate efforts in improving Logistics networks, including better road maintenance and more efficient transport systems. Without these improvements, manufacturers will struggle with delays and higher production costs, making it difficult to scale up operations.
Another pressing issue raised was the influx of substandard imported products, which undercut local manufacturers and weaken demand for made-in-Nigeria goods. Many business owners expressed concerns about unfair competition, noting that cheaper, low-quality imports make it difficult for domestic industries to thrive. Stakeholders called for stricter Trade policies and stronger quality control measures to protect local industries. They argued that without proper regulations, local manufacturers would continue to struggle against an oversaturated market of inferior foreign products.
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As NASENI strengthens its engagement with industry players, its success will depend on how effectively it collaborates with policymakers to address the pressing concerns of manufacturers. While the agency’s commitment to innovation is commendable, lasting progress will require concrete actions to tackle persistent challenges in the sector. Resolving power supply issues, improving access to affordable funding, and enforcing trade policies that protect local industries are crucial for long-term industrial growth. Without these fundamental changes, manufacturers will continue to struggle with high production costs, limited expansion opportunities, and unfair competition from imported goods.