Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, said the ministry would work more closely with businesses to improve manufacturing performance in order to promote economic development and growth.
This was said by Uzoka-Anite on Tuesday in Lagos at the opening ceremonies of the ninth Nigerian Raw Materials Expo and the seventh Nigerian Manufacturing Equipment Expo.
The subject of the exhibition was “Future Manufacturing: Building a Sustainable Roadmap to the Industrialization of Nigeria,”.
The Minister stated that in order to boost our manufacturing sector, Nigeria must prioritize the growth of its raw materials sector, as stated by Mrs. Olumuyiwa Ajayi-Ade, a deputy director of the ministry.
She claims that the nation may lessen its dependency on imported raw materials and raise the general competitiveness of our goods by emphasizing value addition and local sourcing.
According to her, the primary goal of the ministry’s policy measures is to foster an atmosphere that will increase manufacturers’ competitiveness.
According to Uzoka-Anite, the ministry is dedicated to encouraging the usage of items created in Nigeria and providing incentives for manufacturing in order to boost the country’s GDP and employment generation.
She pointed out that although Nigerian manufacturing’s capacity to adopt new technologies will determine its future, companies must start utilizing these trends to increase efficiency.
“We would position Nigeria as a global manufacturing hub and increase the competitiveness of our local manufacturers by implementing these cutting-edge technologies.”
In keeping with the goals of President Bola Tinubu’s Renewed Hope Agenda, we must consciously redirect our attention to non-oil manufacturing industries including renewable energy, automotive, textile, and agricultural.
She stated, “We have the potential to catalyze the development of a robust and globally competitive manufacturing sector, thereby significantly contributing to our economy, through fostering innovation, championing local content, and strategically investing in critical infrastructure.”