Wednesday, April 10, 2024

Video - Nigeria advocates for increased patronage of locally manufactured goods

In a bid to alleviate the country's over-dependence on imports, which has contributed to the devaluation of the Naira against the U.S. dollar, the Nigerian government is championing the consumption of domestically produced goods. However, this initiative faces challenges, with the Manufacturers Association of Nigeria citing the closure of over 700 companies and distress among 300 others due to various hurdles. 


Related story: Video - Nigeria manufacturing sector braces for higher production cost


No comments:

Post a Comment