Nigeria Urged to Boost Local Manufacturing to Reduce Import Dependency

Minister John Owan, speaking at an economic summit in Lagos, stressed the urgency for Nigeria to decrease its reliance on imports and focus on local production to drive economic growth. He highlighted the importance of implementing policies to stimulate local manufacturing, with a focus on sectors like textiles, automotive, medical equipment, and furniture.

Owan cited examples of countries like Bangladesh and Vietnam that have successfully developed their industries through strategic policies. The Minister's call aligns with the government's aim to prioritize Nigerian industries through initiatives like the "Nigeria First" policy.