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AFRICAN DEVELOPMENT BANK HAILS NIGERIA’S CAMPAIGN ON MADE IN NIGERIA PRODUCTS & SERVICES

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CALLING ON STATES & LOCAL GOVERNMENTS TO PARTNER WITH THE FEDERAL GOVERNMENT ON NIGERIA MADE PRODUCTS POLICY; AS AFRICAN DEVELOPMENT BANK HAILS NIGERIA’S CAMPAIGN ON MADE IN NIGERIA PRODUCTS & SERVICES  What should be a pointer to the need for total support for the policy of the current federal government that is strenuously promoting economic development through a reform agenda on Nigeria Made products and services is its endorsement by the African Development Bank through its Report that praised Nigeria’s initiative on “Buy Made-in-Nigeria” products.  It also commends the policy of “Buy Africa” campaign that has been evolved to shape the continents’ consumer preferences. Nigeria’s leading the way is a good option, given the predicted economic clash of global powers angling for more economic space, particularly in the developing economies.  Nigeria’s Economic Recovery and Growth Plan 2017-2020 (ERPG) has the capacity to mitigate effects of the ‘’clash of the titans’’ that is already giving indications of heightened global economic reconfiguration.  THE MADE IN NIGERIA POLICY: For too long, we have been complacent over the attitude of the ordinary Nigerian who prefers foreign products to locally made items. This trend has injured the economy of the nation with the strain exerted on the country’s foreign reserves through wrong policies that open Nigeria’s borders to all forms of products and commodities. The ERPG seeks to stimulate Nigeria’s economic growth, catalyze macroeconomic stability, foster diversification of the economy, and enhance social inclusion as well as governance. Embracing Nigeria Made products and service are veritable means of arresting the negative culture of wasting the nation’s hard-earned resources on frivolous items. This policy whose implementation is being accorded huge attention will ultimately boost enterprise competitiveness and expand Nigeria’s economic base.   A STRATEGIC POLICY INITIATIVE: The Made in Nigeria campaign is one of the strategic decisions by the current administration that must consistently pay the desired attention to both creating the awareness on the part of the citizenry for enhanced quality of lives, jobs and also wealth creation. For too long, we have used our resources to indirectly service the economies of privileged economies in a world where national interests should ideally occupy the front space in all economies. This is one of the reasons why the 36 States and 774 local governments must do a rethink and go for collaboration with the federal government to embrace this policy whose implementation is being supervised by the…

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