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FG Directs MDAs To Prioritize Made-in-Nigeria Products

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5 months ago

Jul 3, 2024.

The Federal government has mandated government ministries, departments, and agencies (MDAs) to prioritize and promote the use of made in Nigeria products.

Eko Hot Blog reports that the Vice President Kashim Shettima gave this directive on Tuesday while declaring open the three-day National Manufacturing Policy Summit at the State House Banquet Hall.

The Vice President emphasized that Executive Order 003, which mandates the patronage of made-in-Nigeria products, remains in force.

He affirmed that the roadmap and policy framework would be speedily implemented to effect the needed changes that will revamp the sector.

“Distinguished ladies and gentlemen, I implore us all to leverage this summit to develop an actionable roadmap and policy framework, ready for immediate implementation, to create the changes we want in the manufacturing sector.

“I assure you that we shall always maintain an open-door policy to accommodate your needs and expectations,” Shettima stated.

The VP further stressed the need to support local firms.

He said, “Let us be reminded that we cannot achieve significant progress in our drive for industrialization unless we deliberately promote the production of capital goods.

Vice President Kashim Shettima addressing Participants at the Exhibition

“We must be focused on expanding our production base, prioritizing local content, and promoting made-in-Nigeria products.”

“I want to assure you that Executive Order No 003 – Support for Local Content in Public Procurement by the Federal Government, which mandates the patronage of locally manufactured products is still in effect.

“The relevant government Ministries, Departments, and Agencies are mandated to fully comply with the order,” he declared.

Shettima observed that Nigeria has no better option than to support its indigenous firms to produce locally and increase their capabilities.m, especially as Africa has long languished at the bottom of the global value chain, with its share of global manufacturing at less than two percent.

The summit, according to him, offers the opportunity to re-evaluate the challenges confronting the sector and proffer solutions that would resolve them.

Over-dependence On imports Responsible For Our Setback As A Nation – VP Shettima

He noted that a competitive manufacturing sector would reduce the inequities in the nation’s economy as well as overdependence on imports.

“Our proposal to minimise the economic imbalances in the nation is based on strengthening the production base of our economy, particularly in manufacturing.

“Most of our setbacks as a nation, as each of you knows, are due to over-dependence on imports for even our basic necessities.

“That is why we need you to address the various challenges facing the sector and ensure we have a competitive manufacturing sector,” he added.

VP Shettima expressed satisfaction with what he saw during a tour of the exhibition, saying he is convinced more than ever of Nigeria’s industrial capabilities, creativity, and innovation.

The VP identified five pillars of the summit, which he said are a clear roadmap for stimulating the manufacturing sector, pointing out that it is imperative to enact meaningful change and develop industries by addressing critical issues under each of these pillars.

He listed them to include upscaling productivity and competitiveness, energy security and infrastructure development, improving the macroeconomic environment and ease of doing business, promoting Made-in-Nigeria products and local content development, and leveraging regional and continental trade for export development.

Earlier, President of MAN, Francis Meshioye, thanked participants for honouring the invitation after several postponements, just as he also expressed gratitude to President Tinubu, for the unique opportunity and his magnanimity to host the Summit in the State House.

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