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We spent N7 trillion to import consumables in 2015 —Minister

Aisha-Abubakar

The Minister of State for Industry, Trade and Investment, Mrs Aisha Abubakar, has said about N7 trillion was spent on the importation of consumables and household items into Nigeria in 2015.

At a stakeholders meeting, on Friday, in Kano, on “Buy Made-in-Nigeria Products” organised by her ministry, in collaboration with the Federal Ministry of Information and Culture, Abubakar said the amount of money being spent on importation of goods is unacceptable to the present administration, hence the need to change the perception of Nigerians towards patronizing locally made products.

“In 2015 alone, over N6.7 trillion was spent on the importation of goods and services which the nation can produce locally. N1.09 trillion was reportedly spent on imported foods and drinks; N1.5 trillion on spare parts; N123.01 billion on shoes and clothes and N399 billion on household items. Imagine if this had been spent on our local industries,” she stated.

The minister said in the government’s determination to encourage the patronage of made-in-Nigeria products, the acting President, Professor YemiOsinbajo signed the Executive Order 3 aimed at ensuring that 40 per cent goods procured by ministries, departments and agencies are made locally.

She, therefore, urged medium, small and micro enterprises to register on the website of the Bureau for Public Procurement to enable them to take advantage of the provisions of the Executive Order 3.

“Also in pursuance of the Federal Government’s commitment to the support for Made-in-Nigeria Initiative, the acting President, Professor Yemi Osinbajo, signed on the 18th May, 2017, Executive Order 3. As part of the implementation of the Executive Order 3, made-in-Nigeria products shall be given preference in the procurement of the following items: uniforms and footwear, food and beverages, stationary, vehicles, pharmaceuticals, construction materials and information and communication technology and at least 40 per cent of the procurement expenditure on these items in all MDAs of the Federal Government of Nigeria shall be locally manufactured goods and service providers,” she said.

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