Patronage of made-in-Nigeria goods to boost manufacturers - Nigeria Minister
The greatest support manufacturers in Nigeria need is patronage. That's the view of Nigeria's Minister of Science and Technology Ogbonnaya Onu. Speaking on the theme of the 2016 NESG summit, he appealed to manufacturers in Lagos State not to give up.
Thu, 13 Oct 2016 10:58:21 GMT
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AI Generated Summary
- The importance of patronizing locally made goods to support Nigerian entrepreneurs and manufacturers
- The role of consumer support in driving economic growth and development
- The need for a shift in consumer perception to prioritize local industries for job creation and poverty reduction
Nigeria's Minister of Science and Technology, Ogbonnaya Onu, has emphasized the need for Nigerians to patronize locally made goods in order to boost the country's manufacturers. Speaking at the 2016 Nigerian Economic Summit, Onu appealed to manufacturers in Lagos State not to give up, highlighting the importance of supporting entrepreneurs by purchasing goods made in Nigeria. Acknowledging the challenges faced by small businesses and manufacturers in the current economic climate, the Minister stressed that government support alone is not sufficient. He emphasized the crucial role of consumer support in driving economic growth and development. The Minister cited examples of countries like Japan, where consistent support for local entrepreneurs led to significant improvements in product quality over time. Onu called for a shift in perception among Nigerian consumers towards prioritizing locally made goods, recognizing the potential for job creation, revenue generation, and poverty reduction. Despite concerns about quality and a historical reliance on imported products, the Minister urged Nigerians to consider the broader economic benefits of supporting local industries.
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