LAGOS: MINISTER of Industry, Trade and Investment, Olusegun Aganga, pledged the federal government’s support of locally-produced goods as this would stem the waste of foreign reserves.
Speaking in Lagos, Aganga said the so-called Made-in-Nigeria market would help create more jobs and generate wealth for Nigerians.
According to his office, he said, already, the launch of the Nigeria Industrial Revolution Plan by President Goodluck Jonathan had enabled the diversification of the economy and revenue source of the country since 2012.
“Our approach has always been value addition, using local content, which had resulted to $14 billion investment into the oil and petrochemical industry. We have created a gas industrial park in Delta State mainly to provide a source of raw materials in the petrochemical sector.” According to the minister, the NIRP focuses on areas of competitive and comparative advantage as well as reduce the cost of production and make products produced in the country more competitive and affordable to Nigerians.
SOURCE: CAJ NEWS AGENCY