Government MDAs still maintain penchant for foreign products over local-MAN

Kindly Share This Story:

The Manufacturers Association of Nigeria (MAN) created Manufacturers Confidence Index (MCCI) to gauge the changes in manufacturing activities quarterly as a result of changes in the macroeconomic ambience and Government policies for 2020 report showed that Government MDAs still maintain penchant for foreign products even when local substitute of similar quality is readily available.Fig. ‘ix’ also shows one of the positive sides of the pandemic as Nigerians have been forced to buy locally produced goods on account of the reduction in inflow of goods to the country.

 

According to the statement excerpts from 400 Chief Executive Officers of MAN member-companies reports disclosed that this is corroborated by the responses of CEOs which showed that 17% of respondents agreed that patronage of locally manufactured products by MDAs has improved. 41% disagreed and the remaining 42% were not sure of the status of its implementation.

 

MAN reiterated that this reversal in recorded positives in local patronage on account of access to foreign substitute shows the need for massive campaign by both Government and private sector stakeholders to stimulate improved patronage of locally manufactured products by Nigerians as a matter of national duty.

 

Otherwise, with the commencement of AfCFTA other similar products will receive greater patronage at the expense of made in Nigeria products, MAN caution.

“The continuous relaxing of the COVID-19 lockdown and containment measures by the Government and the increasing return of business activities from the second quarter of 2020 till date gave hope for improved performance of the economy going forward.


Kindly Share This Story:

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

amehnews greetings

x