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Home Economy

Osinbajo Charges Manufacturers On Production of Goods Needed In Nigeria

Vice President Yemi Osinbajo has charged the Nigerian Manufacturers to produce almost everything needed in the country which would translate to less imports, a stronger currency and economy.

metronetworknews by metronetworknews
November 12, 2021
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Osinbajo Charges Manufacturers On Production of Goods Needed In Nigeria
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Vice President Yemi Osinbajo has charged the Nigerian Manufacturers to produce almost everything needed in the country which would translate to less imports, a stronger currency and economy.

According to a statement by Josephine Ademu, Press and Public Relations of the Federal Ministry of Science, Technology and Innovation on Friday, in Abuja, the Vice President gave the charge at the Nigerian Society of Chemical Engineers (NSCHE) 51st Annual International Conference/AGM in Lagos.


Represented by Dr Ogbonnaya Onu, Minister of Science, Technology and Innovation, Osinbajo pointed out that the Federal Government had worked assiduously to ensure that the country achieve economic diversification.


He said that the nation could not afford to be taken off guard as crude oil and gas were no longer the major fuel that drives global economies.


According to him, this is due to the fact that more technologically developed nations of the world have switched to clean and renewable energy.


He stressed that Nigeria must prepare for the future where crude oil, which had been its major source of revenue, would no longer occupy prominent position in the economies of many nations.


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