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Nigeria Needs More Investments In Manufacturing – NEPC

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The executive director, Nigerian Export Promotion Council (NEPC), Mr. Segun Awolowo, has said that Nigeria needs more investment in manufacturing.

He disclosed this when he received in audience, members of the Nigeria- America Chamber of Commerce (NACC) in his office in Lagos.

According to him, Nigeria has been a good receiver of foreign direct investments (FDIs) from USA, but stressed that the FDIs had either gone into the financial services, telecommunications and ICT.

Earlier, the president, NACC, Otunba Oluwatoyin Akomolafe, said the chamber has been working very closely with the council to seek ways to adopt a prepared AGOA implementation strategy while also stressing  the need to have a more senior representation on the AGOA committee at the ministry of trade.

He said partnership for promotion of AGOA through capacity building and awareness creation cannot be overemphasized, and called on the need for Nigeria to identify the clusters of local producers while also benchmarking successes made over time.



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