It’s our duty that indigenous firms succeed, says Saraki

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Senator Bukola Saraki checking out an Innoson motors car
Nigeria’s Senate President, Bukola Saraki has said all arms of government have a duty to ensure the success of indigenous manufacturers as a way of rebuilding the economy and putting Nigerian youth to work.
Saraki while receiving a delegation from the Innoson Motor Manufacturing Company, Nnewi, led by Chief Innocent Chukwuma, the Chairman and founder of the company, in his office today (Monday) said government should use legislative actions and policy initiatives to protect the local industries as a deliberate way of reviving the economy.
Innoson Motors is the only Nigerian company manufacturing automobile of different ranges and it is based in Nnewi, Anambra State.
He said one of the actions government should quickly introduce is to ensure that local industries are patronized by government agencies so that Nigerian manufacturers can enjoy the advantages accruing from the big market that her population offers.
“That is why this eighth Senate is determined to amend the Procurement Law to ensure that government agencies patronize Made in Nigeria products. I am sure the House of Representatives is in support of this. It is our joint responsibility to ensure that you succeed. If you are successful, a lot more small and medium scale enterprises will draw inspiration from you and they will become successful.
“That will help to create jobs which is one of the mandate presented to us by the youths of this country during the last elections. We in the legislature will look at all laws and help to create an enabling environment for local businesses to thrive in Nigeria”, he said.
The Senate President said using laws to protect locally made goods is not peculiar to the country as it has been done in the United States under President Herbert Hoover in 1933 while India and China have also …Read More

Source:: PM Newspaper