Federal Govt bemoans lack of synergy within industry

21 Aug '08

2 min read

The Federal Government of Nigeria has expressed displeasure at the manufacturers over the continuous conflict regarding requests for waivers and bans on imported products, and has lamented the absence of unity of interest among the various sub-sectors.

Difference of opinion and of demands emerging from the private sectors has often resulted in adoption of ineffective policies which in turn has caused inconsistency in governance and has virtually hampered the growth of the economy.

Consequences have been so grave that the policies have even had a negative impact on some operators in terms of factory closures, uncompetitive products and high rate of unemployment.

While one sub sector pleads for an outright ban or a high duty rate on a certain set of products, the others urge for a waiver. This only show the lack of unity among different stake holders, in fact, some even rally for personal interest which, of course, cannot be entertained by the Government that aims at a overall welfare of the industry.

Addressing a one day seminar on the Nigerian Textile Industry, Mr Ahmed Garba Bichi, Minister of State for Commerce and Industry noted that problems of the manufacturing sector goes way beyond infrastructural inadequacy like electricity, water, and fuel to smuggling, high interest rates by banks. Issue like lack of synergy among different sub sectors are far more crucial and concerning and therefore needs to be given immediate attention for the survival and growth of the textile industry.

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