‘Replicate Free Trade Zone in Nnewi, make it Nigeria’s manufacturing hub’ – Fmr Presidential Candidate, Kingsley Moghalu tells govt
The Federal Government has been urged to make Nnewi, Anambra State, Nigeria’s manufacturing hub, as a panacea for attracting foreign investment.
Muoghalu who was the lead speaker at the event lamented that the federal and state governments in Nigeria are always on the move, looking for foreign investments when it could support a huge manufacturing hub like Nnewi to reach its limit and in turn help in growing the nation’s economy. “It will not be out of place to say that the federal government has abandoned Nnewi. Do you know what people in Nnewi will do if what government did at the Lekki Free Trade Zone is done here?
“That is why I always say that the chase for foreign Investment is a wild goose chase. If you create the right environment, investments will come. Money knows where to go and multiply, you do not need to go asking it to come. Instead of pumping in Naira to rival the dollar, why not create a manufacturing hub and once products are exported and foreign exchange is earned, you will see the economy grow on its own,” Muoghalu said.
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