• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Stakeholders urge Nigeria to give priority to manufacturing

Manufacturing

The Matters Press by The Matters Press
May 30, 2023
Reading Time: 3 mins read
0
3,000 manufacturers to attend global fair on industrial solution in Lagos

Stakeholders at Equipment and Manufacturing West Africa (EMWA) 2023 Exhibition have charged the Federal Government to place the manufacturing sector at the forefront of its policies to engender economic growth and development.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

They gave the advice at the EMWA 2023 exhibition and conference with the theme: “Reigniting Manufacturing to Drive Economic Growth and Development” on Tuesday in Lagos.

Mr Joseph Oru, Event Director, EMWA, said the advice was pertinent because manufacturing sector remains the catalyst for the growth and development of any nation.

Oru described the conference as a platform where expertise and knowledge could be shared.

According to him, the conference also serves as a testament to the ingenuity, innovation, and transformative power of the manufacturing sector.

He said that EMWA 2023 was also a training environment for manufacturing staff and a dynamic hub where cutting-edge technologies, revolutionary processes, and visionary minds converge and forge fruitful collaborations.

“All these come together to serve as a catalyst for innovation, partnerships, and the collective advancement of the manufacturing and industrial sector.

“From new innovations to ground-breaking automation solutions, from sustainable manufacturing practices to breakthrough research and development, this exhibition encapsulates the very essence of the manufacturing landscape.

“Through conferences, workshops, and interactive sessions led by industry experts, we aim to empower you with insights, strategies, and tools to navigate the ever- changing landscape of manufacturing.

“In spite of how the election year has turned out to be and with a new government in place, I urge them to come out, collaborate with the private sector and put manufacturing at the forefront of their policies to build a better Nigeria,” he said.

Mr Tumi Adeyemi, founder, ZenoLynk Technologies Ltd., a technology service provider for LagosRide, said a strong manufacturing base ensures self-sufficiency, reduces import dependency, and stimulates exports, thus bolstering the nation’s trade balance.

Adeyemi represented by Evy Nnaji, Chief Executive Officer, ZenoLynk Technologies Ltd. noted that Nigeria’s manufacturing industry over the years faced numerous obstacles such as inadequate infrastructure, unreliable power supply, limited access to finance, bureaucratic bottlenecks, and inconsistent policies.

These hurdles, he said, hindered the sector’s growth and competitiveness, leaving it below its full potential.

He, however, stated that in spite of the challenges, Nigeria’s manufacturing industry possessed immense potential for growth and development.

“Firstly, Nigeria is endowed with abundant natural resources; from oil and gas to solid minerals and agricultural produce, we have the raw materials necessary for manufacturing.

“By harnessing these resources effectively and employing modern technology, we can establish a thriving manufacturing sector that maximises value addition and reduces our dependence on imports.

“Secondly, Nigeria boasts a large and youthful population and our demographic dividend presents a significant advantage, as it provides a vast labour force that can be skilled, trained, and employed in the manufacturing industry.

“By investing in education, vocational training, and skill development, we can ensure that our youth possess the necessary competencies to drive innovation and productivity in the manufacturing sector,” he said.

He urged government to capitalise on the African Continental Free Trade Area (AfCFTA) opportunity of a vast market of 1.3 billion people, eliminating trade barriers for manufacturers to expand their reach, tap into new markets, and bolster export-oriented production.

“This agreement calls for strategic planning, increased competitiveness, and product diversification to position our manufacturing sector as a regional powerhouse.

“Lagos state is the commercial capital of Nigeria, whereas there’s adequate security and potential for businesses to reach its targeted growth and targets dues to its fast paced business community it holds.

“We welcome the international community to come and partner with us to grow a greater Lagos,” he said.

Mr Abubakar Aliyu, Former Director, Trade, Federal Ministry of Industry, Trade and Investment, describing manufacturing as the backbone of any strong economy, stated that no country could develop without industrialisation.

Aliyu said that efforts must be made to reignite the sector through promotion of technology adoption, improvement in human capital development and fostering partnerships.

“Manufacturing is one of the key sectors of the economy as it has many benefits such as job creation, innovation, improvement of standard of living and others.

“COVID-19 affected the mode of operation globally but there has since being a rebound in the manufacturing sector and we must find a way to catch up so we are not left behind.

“I urge all stakeholders to embrace collaboration to promote innovation and digitalisation and invest human capital development for the necessary skills to move the manufacturing sector forward,” he said.

Mr Ismail Balogun, President, Nigerian Indonesia Chamber of Commerce and Industry (NICCI) and an exhibitor at EMWA, said the chamber activities was not limited to Indonesia alone but with the global village.

He stated that the chamber would continue to go wherever there was value for it members in and outside the country to increase trade volume for Nigeria.

Balogun revealed that between 2021 and 2022, trade balance between Indonesia and Nigeria grew from 2.6 billion dollars to 4.7 billion dollars.

“We would continue to aggressively promote awareness to improve bilateral trade relationship between both countries.

“With your help and interaction, our job to open Nigeria to new territories and drive investments would be actualised,” he said.

Tags: Manufacturing
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

Fear of fuel subsidy removal causes rumpus across Nigeria

July petrol pump price ranges between N140.80 and N143.80

Fuel subsidy removal unfavourable

Recommended Stories

Nigeria’s fiscal pressure implodes economy – NESG

Nigeria’s fiscal pressure implodes economy – NESG

August 8, 2022
N43tn e-payments made in Nigeria

Customers allege bank officials’ connivance with PoS operators

April 1, 2023
Nigeria showcases minerals to woo investors

Mineral production improves in 2021- NBS

August 8, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us