Home Uncategorized PROMOTING NIGERIA MADE PRODUCTS & SERVICES ‘’BUY NIGERIA; USE NIGERIAN’- ‘’EAT NIGERIAN;...

PROMOTING NIGERIA MADE PRODUCTS & SERVICES ‘’BUY NIGERIA; USE NIGERIAN’- ‘’EAT NIGERIAN; DRINK NIGERIAN’’ –- HOW TO CONTACT THE TEAM

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SECURE MORE INFORMATION ABOUT NIGERIA MADE PRODUCTS: Nigeria is in economic transition from supreme oil-dependency to a more diversified economy; and the nation is, therefore, taking steps to improve her economy through non-oil commodities and exports. Susceptibility of the domestic economy to external revenue shocks, when oil prices fall and projections into the future have resulted in Nigeria looking inwards to correct the imbalance in the national economy.  Nigeria occupies a strategic position in Africa as the continent’s biggest economy, harbouring about 25 per cent of the population of Africa.  Therefore, the economic diversification model that the country needs is designed to absorb fiscal shocks, fend off monetary instability, provide employment for the teeming work-age population, as well as generate more revenue for the citizenry and government to meet their commitments. PRESIDENTIAL MANDATE:The foregoing is a Presidential Mandate that is being prosecuted with vigour to enable Nigeria’s economy record remarkable high attainments with the shortest possible time.  Additionally, developing the agriculture sub-sector of the country’s economy is a potent way to adjust and transform the Nigerian society. Beyond this, global agriculture itself is undergoing transformation. Population growth and changing consumption habits have started to drive up demand for food in multiple varieties. By year 2050, the world population will reach nine (9) billion. That means additional two billion people would require food in 35 years’ time, compared to now. Hence the need for the three tiers of Government, and particularly the private sector, to pay particular attention to encouraging local economic activities, particularly Made in Nigeria products and services, and utilization of raw materials. OPPORTUNITIES AVAILABLE: An array of resource-based investment opportunities exists in Nigeria.A critical review of the present economic situation indicates the need to strengthen the small and medium enterprises. Therefore, in the past few years, the Federal Government has introduced far-reaching reforms directed at sanitizing several sectors of the economy. Evidently, Nigeria is on the road to speedy economic recovery.The world keeps on changing.  New trading designs are budding, resulting in the formation of various blocks. NIGERIA’S IMMENSE POTENTIALS: The economy of Nigeria is undoubtedly the engine of the economy of West Africa, and even beyond. Nigeria is strategically located and well-positioned to serve as a hub of economic activities for West-Africa and even beyond. Given the demands of a fluid and dynamic world, the Commodities and Products Inspectorate Department of the Federal Ministry of Industry, Trade &…

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