Despite shouts of made in Nigeria, country spends N7 trillion spent on importation

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The minister of state for industry, trade and investment, Mrs. Aisha Abubakar, has said about N7 trillion was spent on the importation of consumables and household items into Nigeria in 2015.

Abubakar made the comment in her address in Kano on Friday, July 14, at a stakeholders meeting on “Buy Made-in- Nigeria Products” organised by her ministry in collaboration with the federal ministry of information and culture.

The minister said the staggering amount being spent on importation of goods is unacceptable to the present administration hence the national orientation to change the perception of Nigerians towards patronizing locally made products.

Mrs Abubakar said the importation of goods is unacceptable to the present administration.

Her words: “In 2015 alone, over N6.7 trillion was spent on the importation of goods and services for which the nation can produce locally.

“N1.09 trillion was reportedly spent on imported foods and drinks; N1.5 trillion on spare-parts; N123.01 billion on shoes and clothes and N399 billion on household items. Imagine if this had been spent on our local industries.”

She said in government’s determination to encourage the patronage of Made-in-Nigeria products by Ministries, Departments and Agencies, the Acting President, Professor Yemi Osinbajo signed the Executive Order 3 aimed at ensuring that 40% goods procured by government agencies are made locally. She therefore urged Medium, Small, Small and Micro Enterprises to register on the website of the Bureau for Public Procurement to enable them to take advantage of the provisions of the Executive Order 3.

–Naij

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