Shettima: FG will support manufacturers with N75bn to boost non-oil exports | TheCable

Nigeria's independent online newspaper

Vice-President Kashim Shettima says the federal government will support local manufacturers with N75 billion by March 2024, in a bid to bolster the manufacturing sector.

“We will prioritise capacity building for MSMEs, we will invest in human capital development,” he said.“We need to work diligently to utilise the opportunity provided by the African Continental Free Trade Area by deepening our existing values and expanding our foreign exchange earnings.”On her part, Doris Uzoka-Anite, minister of industry, trade, and investment, expressed concern that Nigeria operated a mono-product economy for so long.

“We can no longer afford to export raw materials cheaply and import finished products at premium prices.“Our focus for exports is locally manufactured value-added products that create both business and employment.”Ezra Yakusak, chief executive officer of NEPC, said the council has significantly increased the contribution of the non-oil sector to the Nigerian economy.

He said from the huge financial and economic loss, the disease is affecting the income and livelihoods of ginger farmers who are mostly MSMEs.

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