BUA Founder on Imported Goods
BUA founder Abdul Samad Rabiu has called on Nigeria to reduce its dependence on imported finished goods. Has your business been affected by imported goods?
What Happened
BUA founder Abdul Samad Rabiu called on Nigeria to reduce dependence on imported finished goods by expanding domestic manufacturing and strengthening export capacity.
Why It Matters
Nigeria could not achieve sustainable economic prosperity by remaining predominantly a consumer of foreign products, and must become a nation that processes, manufactures, and exports.
What Happens Next
The government and private sector should replicate the experience in agriculture, food processing and other manufacturing industries, and mobilise pension funds and insurance capital into productive enterprises.
Nigeria must reduce dependence on imported goods and expand domestic manufacturing
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