Why Govt. Should Discourage Importation Of Finished Products - MAN
Nigerian manufacturers have a dream, a big dream.
They want the government to stop trading of finished imported goods in the country.
They want only raw materials but not finished products.
The manufacturers under the aegis of Manufacturers Association of Nigeria (MAN) has suggested this as part of measures that could strengthen the manufacturing sector.
Foreign investors, the group argues, should instead be encouraged to set up industries and stop trading in imported finished products.
President of MAN, Dr. Frank Jacobs, who made the demand in a chat with the Punch, also said that there should be a deliberate programme that could encourage linkage between agricultural sector and the industry as well as import substitution and export promotion.
He underscored the need for a free technology exchange between citizens of countries investing in Nigeria and their foreign counterparts, even as he called for placing high priority on power.
“Countries where industries thrive invested massively in power sector and as such have stable supply of electricity.
“Nigeria can replicate this through revitalisation of the transmission and distribution network that have limited the growth of the power sector in recent times,” Jacobs said.
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