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National President of NACCIMA, Hajiya Saratu Iya Aliyu

Increased exports will boost industrial growth – NACCIMA

 

By Charles Nwaoguji

Nigerian Chambers of Commerce, Industry, Mines and Agriculture ( NACCIMA) has called on  Federal Government to create more room for improved exportation in Nigeria.

According to the National President of NACCIMA , Hajiya Saratu Iya Aliyu,  the move will bring about more income into the economy, thus improving the manufacturing sector..

Iya Aliyu, who stated this in an interview with Daily Sun, recently,  stated that government must, as a matter of urgency, put in place adequate infrastructure to ensure that exportation is encouraged in Nigeria.

She explained that despite government promised to intervene in the issues facing local industries, the situation is still the same.

She said, “Our manufacturing sector is facing grave issues that have to do with  lack of access to funds. There is the need for government to concentrate on exportation, because this will ensure that more funds are brought into the system, thus boosting activities in the Nigerian economy.”

She stated that manufacturing industries are capable of providing the economy with a serious boost in employment, by providing opportunities in areas such as research and development, processing, engineering, entrepreneurship, and a lot more.

Commenting on government industrial policy, .she said that  only good policies will transform Nigeria’s manufacturing sector, adding that good economic policies will transform the country’s manufacturing sector from the present state to a developed one.

NACCIMA boss  noted that Nigeria could be among the leading global economies , if the right industrial policies are encouraged.

She stressed that Nigeria manufacturing sector has the potential to return the country to its economic prosperity.

“What is needed to be done now is good industrial policy to be in place. When government create enable environment,  it will attract direct foreign investment to the country,” she pointed out.

“One of the sure ways manufacturing companies can survive the current economic hardships is to stop the importation of raw materials and invest in the local market by sourcing their raw materials locally,” she said.

On the ban on the 41 items by Central Bank of Nigeria (CBN),  she said the ban on the 41 items will be possible, if such items are available in the country, but in a situation where such items are not available government should allow such item to be imported. She further said, if this is not checked the percentage of unemployment in Nigeria could go higher.

She noted that  to remain competitive and maximise returns, manufacturing companies in Nigeria should  leverage on  the backward integration model of government to enhance local supply of materials.

On the Agricultural Sector,  she observed that the sector needs support especially in the area of  funding, especially rice farming and processing, but stated that , the pace of mechanization is still low which is why is why food prices remain an issue in the country.

“It is only mechanized agriculture that can guarantee food security in a country with an estimated population of 200 million,” she added.

 

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