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| Prof. Yemi Osinbajo (SAN) |
VICE President, Prof. Yemi Osinbajo (SAN) has called on
Nigerians to consider patronage of locally made goods as means of contributing to
economic growth and promoting local industries to compete with counterparts
across the globe.
In a statement by his spokesperson, Osinbajo said
this on Tuesday at the Presidential Villa, Abuja during a meeting with industry
stakeholders and members of the Implementation Committee on the National Cotton,
Textile and Garment Policy adding that the Federal Government is working assiduously
to bring smuggling to rapid end.
“Nigerians buying Nigerian products is very
important and it goes beyond the symbolism of wearing Nigerian-made dresses. It
is important for our economy and well-being. It is up to all of us to see that
this particular initiative works, we have talked enough”, the Vice President
reportedly said.
Members of the Implementation Committee drawn
from both public have highlighted a number of strategies for the revival of the
cotton, textile and garments industries including the promotion of Nigeria-made
dresses among others which it proposes a “Wear Naija Day,” where public
officials and employees of corporate organisations would put on locally made
fabric.
According to reports, the Federal Government
through the Ministry of Industry, Trade and Investment had articulated a new
policy to revamp the industries through a number of interventions including
battling smuggling in order to attain a 15% reduction by next year,
facilitating assess to funding for the sector, addressing the challenges of
energy, lifting the ban on importation of finished products and using the
duties and levies raised therefrom to support the industries, among several
other strategies.
Speaking earlier, the Minister of State for
Industry, Trade and Investment, Mrs Aisha Abubakar explained how the ministry
came up with the Cotton, Textile and Garment policy, CTG in order to provide stating
that it was aimed to have a suit of interventions holistically across the value
chain, including encouraging local patronage, controlling smuggling, production
of improved seedling, cost of energy, cost of funds, training and upgrading and
modernization of infrastructure.

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