The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has advised indigenous and multinational firms to consider the opportunities that Nigeria offers and begin to set up their manufacturing lines in Nigeria.
Emefiele gave the advice at the Local Manufacturing Contract Signing of Oral-B Toothpaste, between Procter and Gamble Nigeria and Colliery Cosmetics, on Friday in Lagos.
According to him, Nigeria should be the first port of destination for anybody that seeks investment in Africa.
“Given our market size and our population, we do believe that Nigeria offers significant advantages for multinational manufacturing firms that choose to invest in domesticating their production lines in Nigeria.
“Not only do they have access to our large market, Nigeria can serve as a base for them to export goods to other markets in Africa.
” Our efforts at putting in policy measures to encourage improved production of made in Nigeria goods is…
Source: Vanguard Newspaper
