The Federal Government has lamented the over N6.7 trillion expended in 2015 alone on the importations of goods and services that can easily be produced in the country.
The Minister of State for Industry, Trade and Investment, Aisha Abubakar, made this known in Abuja on Thursday during the launch of the campaign for patronage of Made-in-Nigeria products.
She said: “In 2015 alone, over N6.7 trillion was spent on the importation of goods and services for which the nation can produce locally.
“N1.09 trillion was reportedly spent on imported foods and drinks; N1.5 trillion on spare parts; N123.01 billion on shoes and clothes and N399 billion on household items. Imagine if this had been spent on our local industries.”
Speaking further, the minister said government was not unaware of the numerous challenges faced by entrepreneurs, adding that several policies to restrict importation of products that can be produced in Nigeria have been put in place.
On his part, Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, restated the commitment of the present administration to reduce the cost of doing business in the country.
According to Enelamah, priority is now given to locally-made products in all procurement being made in the public sector, adding that “this Made-in-Nigeria campaign is for real.”
Also speaking during the launch of the campaign, Minister of Information and Culture, Mr Lai Mohammed, said the move to encourage the consumption of Made-in-Nigeria products was in line with the efforts to diversify the economy.