A new policy has been proposed by the Manufacturer Association of Nigeria (MAN) which will allow the contractors to utilize the products made in Nigeria as a first preference in the execution of government projects.
The proposal came up during a campaign for supporting and promoting products made in Nigeria which was organized for the North-Western region at Hamdala Hotel in Kaduna.
Alhaji Ali. S. Madugu, who represented the National President of MAN – Chief Kola Jamodu, added that once the campaign for supporting and promoting Nigerian commodities is completely assimilated and adopted, the industries will undergo expansion in capacity utilization and there will be enhancement in the quality of products made in Nigeria. This will also lower excessive reliance on overseas products and boost the overall growth and development in the manufacturing industry.
He also appealed the government to balance the campaign with facilities for sufficient power supply, LFPO, AGO as well as natural gas. He also advocated the provision of soft loans to the industry and requested the Ministry of Commerce and Industry to ascertain the immediate ending of the discussion that is still continuing with the stakeholders on the notice that has removed the ban on several prohibited products.
The Minister of Commerce and Industry – Senator Jubril Martins-Kuye, in his address, stated that the difficulties that were being faced by textile industries forced the government to take a decision regarding the establishment of N100 billion Cotton and Textile Revival Fund which will be managed and supported by the Bank of Industry (BOI).
Fibre2fashion News Desk - India