Nigeria's over dependence on imported goods and expatriates has been described as the main problem confronting local industries as well as the reason for the rising wave of unemployment in the country.
This form the basis of today's news analysis written by correspondent on the importance of patronizing Made in Nigeria, in order to boost the Nigerians' economic and strengthen the Nigerian naira.
Made in Nigeria simply refers to locally made goods produces by indigenous manufacturers in the Country.
Nigeria as a country has various indigenous firms, where goods ranging from electronics, wears, cooking utensils, drinks, perfumes, bags, belts,shoes,building materials, among others are being made.
These Made in Nigeria do not get the desire patronage from Nigerians, probably due to failure of government inability to champion locally made goods, by utilizing them.
Some economy experts believed that Nigerians refusal to purchase Made in Nigeria, was as a result of poor quality or substandard products.
Investigation reveals that many indigenous small scale industries have closed down while the big ones are retrenching workers as a result of low sales.
These challenges have been blamed for the downward trend in the Nation's Gross Domestic Product, GDP as well as socio economic activities in the country.
It is strongly believe by some economists, that proper implementation of government policies in this regard is key on this issue, as government needs to demonstrate its willingness and commitment to patronize Made in Nigeria, so as to shore up local sales.
Furthermore, government needs to address the issue of incessant power outages, to help indigenous industries to stay in business and also to retain their workers.
Local manufactures on their parts, should increase the quality of their products, to enable them compete favorably with imported goods.
That way there will be a paradigm shift towards patronizing locally made products.
This is due to the fact that consumers look out for quality, hence their preference for foreign made goods.
Moreover, Nigeria indigenous manufacturers must follow the trends in the international markets and be more innovative and creative.
Nigeria banks should grant local manufacturers soft loans, so that they can compete with their foreign counterparts and even export quality made in Nigeria products, in line with global best practices.
This will not only help rank Nigeria among the world's industrialized nations but it will also help to strengthen the Nigerian currencies against the dollars and pounds.
If Nigeria must stand out like China, Italy, USA and other countries in terms of goods and products, than the issues raised in this discourse must be taken seriously and addressed urgently.
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