Vice President Kashim Shettima has called for the prioritisation of local content and promotion of made-in-Nigeria products, citing that Executive Order 003 which makes the patronage of locally manufactured products mandatory is still in effect.
Shettima also says the Federal Government has partnered with the Manufacturers Association of Nigeria to devise an actionable roadmap and policy framework that would refurbish the nations manufacturing sector.
He affirmed that the roadmap and policy framework would be speedily implemented to effect the needed changes that will revamp the sector.
The VP, who declaring open the three-day National Manufacturing Policy Summit at the State House Banquet Hall regretted that the sector had endured a series of setbacks over the past decades.
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 industrialisation unless we deliberately promote the production of capital goods.
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., 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.
He noted that a competitive manufacturing sector would reduce the inequities in the nations 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 Nigerias industrial capabilities, creativity, and innovation.
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