Business

Broker Canvasses Local Content In Production Maximisation

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An Abuja-based insurance broker, Chief Angus Uzoamaka, last Wednesday, said  maximisation of local content in production was imperative for job and wealth creation.
Uzoamaka made this known in an interview with newsmen while speaking on how to overcome poverty in the country.
He said that local content would engender self-sufficiency and independence in production to guarantee long economic security for Nigerians and generations unborn.
The broker noted that era of importation should be over for the country, saying economic dependence was the bane of underdevelopment.
“We must learn to appreciate our own, and the only way we can do that is to begin to produce no matter how lowly placed it is.
“In those days, nobody valued any product from China or Japan but today they are one of the best in the world,’’ he said.
Uzoamaka also called on governments at all levels to formulate policies that would trigger economic and productive boom.
He said that Nigeria’s economic development could not be attainable without internal production and patronage.
The broker condemned what he called ‘’mad rush’’ for foreign products, saying it was an attitudinal problem that must be addressed.
“I hate to hear that Nigerians prefer foreign goods to indigenous goods without knowing that the indigenous ones are more original.’’

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