Halifa Rabiu Calls for Support for Nigerian Manufacturers

Halifa Bala Rabiu, the Managing Director of Halba Foods, expressed concerns regarding the challenges faced by Nigeria's manufacturing sector in an interview. He highlighted the unchecked inflow of finished products into Nigeria and the limited access to affordable credit for local investors as significant threats to local businesses.

Rabiu pointed out that the importation of finished goods, especially those that could be produced locally, undermines local manufacturers. He emphasized the need for stronger protection and targeted support for small and medium-sized enterprises (SMEs).

Rabiu noted that many entrepreneurs struggle to build sustainable businesses due to limited access to capital and competition from imported products. He specifically mentioned the edible oil market, where local producers have the capacity to package products but face stiff competition from imported alternatives.

Rabiu called for stronger enforcement of existing import regulations to ensure local manufacturers can compete effectively and contribute to the economy.