Industrialist Charges Nigerians On Manufacturing Sector

Port Harcourt-based industrialist and a member of the Manufacturers Association of Nigeria (MAN), Rivers/Bayelsa branch, Mr. Charles Ugo, has called on Nigerians to show more commitment in developing the manufacturing sector of the economy.

Ugo who made the call while speaking to The Tide in Port Harcourt, last Wednesday on business compertiveness across the globe, stated that Nierians had failed to show commitment in developing the manufacturing sector over the years.

He said that the lack of commitment of Nigerians towards the sector’s development was responsible for the increased importation of all kinds of goods into the country, and much dependence on foreign good.

Ugo also posited that the situation has led to a decline in the growth of industries in the country, pointing out that the situation has compounded the un-employment situation in the country.

He said “the situation is further compounded by the loose nature of the country’s trade law which allows virtually everything ranging from rice to finished cement into the economy.”

According to him, Nigeria did not require huge resources or set of punitive laws to boost the manufacturing sector, but what is required is just some level of seriousness and simple measures such as leadership and enforcement which will not cost so much.

The industrialist therefore urged managers of the Nigerian economy to look at trade regulations, pointing out that importation of cheap products is a problem to Nigeria’s economy.

Corlins Walter