The Nation Newspaper Fed Govt ’ll support local manufacturers, minister pledges
The Federal Government will prioritise local manufacturers in its policy direction and procurement as part of efforrts to develop domestic industrial capacity and create sustainable economic growth.during a tour of Coleman’s factories in Arepo and Sagamu, Ogun State, at the weekend, said the government was ready to collaborate with local manufacturers such as Coleman Wires and Cables Industries Limited.
The minister stressed that the government needs to support companies like Coleman and make their operations easier. “We should also support them in terms of patronage and allow them to contribute to power sector projects in Nigeria,” he added. Responding, Coleman Managing Director George Onafowokan, emphasised that collaboration with the government would benefit the company and encourage further investment in the country.“We see the expansion of our power plant creating capacity in the country. Coleman is here for Nigeria to deliver the country’s goals, making local content possible. When we achieve this, we create value and export to other countries.
According to him, this should be done by developing the capacities of indigenous manufacturers and creating a more enabling, incentivised business environment. “In the drive for solutions to power transmission in the country, there must be a move that is seen from a local perspective, deliberately pushing for local industries to grow,” he stated.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Govt sues governors over local govt autonomyThe Nation Newspaper Fed Govt sues governors over local govt autonomy
Read more »
Fed Govt sues 36 states at Supreme Court over local govt autonomyThe Nation Newspaper Fed Govt sues 36 states at Supreme Court over local govt autonomy
Read more »
Fed govt unveils programme for 25th Democracy Day celebrationThe Nation Newspaper Fed govt unveils programme for 25th Democracy Day celebration
Read more »
Court orders permanent forfeiture of private university, other assets to Fed GovtThe Nation Newspaper Court orders permanent forfeiture of private university, other assets to Fed Govt
Read more »
Yoruba group hails Labour, Fed Govt on minimum wage negotiationThe Nation Newspaper Yoruba group hails Labour, Fed Govt on minimum wage negotiation
Read more »
Senate urges Fed Govt to review strategies to curb rising insecurityThe Nation Newspaper Senate urges Fed Govt to review strategies to curb rising insecurity
Read more »