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Monday, June 18, 2018
WHY WE SHOULD ALL "BUY MADE-IN-NIGERIA GOODS"
You can contact the writer of this article: OluwaSegunFunmi Icon, ( 08107916722@ Whatsapp and Ayomide Temitope on Facebook).
While citizens in developed countries value and patronise their products, most Nigerians prefer products, goods and services from overseas.The average Nigerian has a mentality that any product such as automobiles i.e cars
, specialty products i.e expensive champagne and celebrity hair care experts, fabricated parts and materials i.e batteries, roofing sheets and whindshields admist other classification of products can only be good enough for consumption when they are foreign products.
During Nigeria's first and second republics,(1960-1966,1979- 1983),agriculture was the major revenue generator of the country. "made- in-Nigeria" products were common with Nigerians as everyone patronised local industries and there was a high purchase of products churned out from these factories,situated in different industrial estates across the country. However, most of these manufacturing firms have either gone moribound, or barely managing to survive due to the harsh business climate in the country since the third republic(1989-1993), which also includes the current fourth republic (1999-till date). It is very important at this juncture to state the fact that patronage of "made-in-Nigeria" goes beyond the symbolism of wearing locally produced dresses.
Recent surveys have firmly established the fact that, Nigerians dislike indigenously manufactured products,while most of those who patronise the locally produced ones do so only because they lack the economic wherewithal to purchase expensive imported ones. Even the government officials are big fans of foreign products and services. From healthcare to gift items distributed at celebration events,government officials have developed a conception for foreign goods as a specialty product:they have no locally made acceptable substitute for foreign goods-whatever products it is,foreign must it be!The government,which is one of the biggest financial agencies in the country (if not ultimately the biggest) allocates billions of naira in the yearly budget to import foreign products such as automobiles i.e cars and other materials in each states' government house and office,especially the state house in Abuja rather than patronise a bit,if not all from those manufactured in the country and then,this very lack of patronage by the government which is one of the biggest spender in the country has really impacted the economy and the G.D.P (Gross Domestic Product) negatively.All the talk of patronising locally manufactured goods is not being matched with action on the part of governmental officials.A typical example of this fact is that nearly every product consumed at key government offices is being imported.Most Nigerians allege that local manufacturers cut corners to enable them minimize cost and maximise revenue,while other producers do not use the right quantity and quality of raw materials,thus in both cases,leads to the production of sub-standard products.
Nigeria is a foreign dependent country and over-dependence on foreign products will not help.Recent statistics have revealed that lack of patronisation of locally produced goods serve as the backdrop to the failure of indigenous businesses which leads to unpredicted job losses and ultimately leads to an increase in the rate of unemployment.If Nigerians are really serious about the need to salvage the economy and revive it back into the vibrant stage it was under Awolowo and Azikiwe,who in their days of being premier of the Western and Eastern regions respectively, used agriculture as the mainstay of the economy and encouraged massive patronage of locally manufactured products.The Cocoa house in Ibadan,The University Of Nigeria,Nsukka,The first television station in Africa, Western Nigeria Television (WNTV) now Nigeria Television Authority (NTA),admist other historical infrastructures are testimony to this cause-their evidence for posterity,then there is no more auspicious time than now for Nigerians to get started with reviving the economy, and one major approach of salvaging the economy is to revive local industries and encourage massive patronisation of locally manufactured goods and services.This current Nigeria's economic situation,occassioned by the dwindling price of oil in the global market since the world powers who purchase oil have diversified into using other forms of energy, majorly solar and electric energy.This has clearly indicated that it is equally time for Nigeria to diversify from oil into agriculture and then,massively encourage the patronage of locally produced goods and services.
It is however encouraging to note that, the federal government is currently working out plans to diversify the economy into agriculture, and more importantly promote the production and consumption of locally manufactured products.Aside providing solutions to the societal menance of unemployment in the country,that is,revival of indigenous industries will generate massive employment opportunities in various sectors of the economy,such as,textiles,agriculture,leather and clothing admist other sectors,it will also usher Nigerians into the path of the economic prosperity so much desired by Nigerians.
The government should advocate a policy that will embark on an aggressive campaign and national support for "made-in- Nigeria" products.This will strenghten the economy and help in positioning the country for self-sufficiency.In encouraging patronage of locally produced goods and services,Manufacturers will be challenged to invest in the right level of technology required to improve the quality of Nigerian goods to international standard and to combat quality and standard issues.Nigerians can be made to patronise locally made goods and services by making locally made products durable and reliable for the common man,also of a high quality that can equally compete with its foreign counterparts.
The Central Bank Of Nigeria is also trying their best through restricting foreign exchange of goods that are being massively produced in Nigeria.The Central Bank Of Nigeria,in conjunction with each state and the Federal governments should help in equipping and providing loans,financial subsidies and support for these manufacturers by placing embargoes on products that the locally produced ones are of high quality.Government officials should lead by the example of patronising locally produced goods.The plethora of this article lies in this concept : "MADE-IN-NIGERIA PRODUCTS:THE ULTIMATE MECHANISM FOR THE REVIVAL OF THE ECONOMY AND SUSTAINABILITY OF SOCIETAL DEVELOPMENT."
Dear readers,please do not forget to write a comment so that the writer can also know your views.
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