The Federal Government has pledged renewed determination to the production of locally manufactured goods in a bid to grow Nigeria’s export capacity and earn more foreign exchange.
The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite disclosed this in Abuja yesterday while answering questions from journalists on how the government will drive non-oil exports to stem the current shortage of foreign exchange in the country.
She said, “It is important to prioritize the production, processing, and packaging of locally manufactured non-oil export goods for Nigeria’s economic growth and sustainable development.”
According to the minister, there is a crucial need to establish practical economic initiatives and implement trade policies aimed at addressing issues such as job and wealth creation, inclusivity, and, most importantly, policies that would encourage the growth of Micro, Small, and Medium Enterprises (MSMEs), which play a critical role in the national economy.
The minister stressed the importance of the Domestic Export Warehouse (DEW) Project initiated by the NEPC in partnership with other government agencies as a strategic intervention to address supply-side constraints.
The DEW serves as a comprehensive facility for product storage, packaging, labelling, pre-shipment inspection, and fumigation, streamlining the export process and mitigating logistical challenges linked to port congestion.
She said the DEW Project, “With its streamlined processes and efficient logistics solutions, exemplifies the innovative spirit of our government in improving our export sector and making Nigerian products more competitive in international markets.”
Anite noted that the exportation of goods and services is paramount to helping Nigeria resolve its current forex challenges, stimulate the economy, boost entrepreneurship, and create employment opportunities.