President Bola Tinubu has identified the localisation of production processes and cost reduction as critical factors in addressing hunger in Nigeria. Tinubu, represented by the Secretary to the Government of the Federation, SGF, Senator George Akume, said this at the 2024 National MSME Conference, on Thursday in Abuja.
He emphasised that the country’s economic challenges, including food insecurity, stem from a reliance on imported goods and inefficient local production. “Nigerians experience hunger because we have not fully localised production processes and reduced costs effectively. “I also realise the importance of innovation and digitalisation to this purpose. There is no justice in creating an economy that is not sustainable for the coming generations.
Tinubu called for collective efforts to enhance local production capabilities, stating that by reducing production costs, the government could improve access to essential goods and alleviate hunger. He urged stakeholders to engage in dialogue to identify and implement strategies that could streamline processes and enhance productivity.
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