Nigeria's President Muhammadu Buhari has pledged that his administration will implement essential reforms to protect Nigerian manufacturers from unfair competition from abroad.
At a meeting with the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, and senior officials of relevant agencies, President Buhari stressed that with its focus on job creation, his government was ready to do whatever it considers necessary to boost domestic manufacturing and industrialisation.
"With high interest rates and entrepreneurs needing trillions of Naira to buy machinery, we are virtually back at Ground Zero as far as industrial development is concerned.
"So, we will shun all anti-development policies, and make the climate more suitable for entrepreneurs. We will create the environment for them to thrive. Generating employment was one of our key campaign promises and we will keep that promise.
"We will no longer allow our markets to be flooded with things we can produce ourselves. We must believe in our system. Whenever you need my intervention at anytime, please come to me, " President Buhari told the Permanent Secretary, Abdulkadir Musa and senior officials.
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