The Manufacturers Association of Nigeria (MAN) has said the effective implementation of the federal government’s “Nigeria First” policy directive, would scale investments and potentially boost the gross domestic product (GDP) by 56 per cent, reduce unemployment by 37 per cent and increase firms’ willingness to employ from 1.5 percent to 22.6 percent.
Commending the federal government on the initiative, aimed at prioritising patronage of made-in-Nigeria goods and services, and development of local content, which borders on appropriate technical knowledge transfer to Nigerian professionals, MAN Director General, Segun Ajayi-Kadir, said it is a cheering news and a long-awaited relief to resilient Nigerian manufacturers, who, despite the tough economic environment, have demonstrated enduring faith in the potential greatness of the Nigerian economy.
“We see this initiative as a true and definite demonstration of the government’s commitment to promoting local industries, boosting economic growth, and creating jobs for Nigerians.
“By giving preference to locally produced goods and services, we can stimulate demand, increase capacity utilization, and attract investments into the manufacturing sector.”
