• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FG, Lagos Govt Task Nigerians On Consumption Of Local Goods To Boost SMEs

by Andrew Ojiezel
3 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The federal and Lagos State governments on Monday called for investment in the production of local goods and consumption of Made-in-Nigeria products to boost Small and Medium Enterprises (SMEs).

Advertisement

The Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folasade Bada Ambrose stated this at the 16th meeting of the National Council on Industry, Trade and Investment, (NCITI), hosted by Lagos State government and organised by the Federal Ministry of Industry Trade and Investment with the theme ‘Accelerating Diversification to Rebuild Prosperity by Leveraging Industry, Trade and Investment for Shared Prosperity,’

She said Nigeria has found itself in a situation where there is an urgent need to diversify its economy from overreliance on oil. She added that for Nigeria to be economically relevant in the future, there should be more investment in producing local goods and consuming them rather than relying on the importation of foreign goods.

“We have found ourselves at a crossroads where the urgent need to diversify our economic base has become more than a policy agenda; it is now an imperative for survival and future relevance in the global economy.

“The lessons from past economic disruptions have reinforced the reality that over-dependence on a single economic resource leaves us vulnerable to external shocks and limits our growth potential,” she said.

RELATED

NECO To Conduct SSCE In Saudi Arabia

NECO Denounces Fake Recruitment Notice

6 minutes ago
Kwara Varsity Lecturers Stage Peaceful Protest, Demand Payment Of EAA, Others

Kwara Varsity Lecturers Stage Peaceful Protest, Demand Payment Of EAA, Others

1 hour ago
ADVERTISEMENT

According to Ambrose, the meeting which had in attendance government officials from the Ministry of Industry, Trade and Investment as well as small business owners, was an opportunity for stakeholders to ‘dialogue, collaborate and chart strategic pathways that will position Nigeria and particularly Lagos State as a key player in a diversified, resilient and prosperous global economy.

The commissioner said the Lagos State government, under Governor Babajide Sanwo-Olu and his deputy Obafemi Hamzat, is already making efforts to create an enabling environment that will attract investment, support industrial growth, and empower businesses to thrive.

She mentioned some of the efforts, including building infrastructural development, policy reforms to ease the cost of doing business, creating the Lekki Free Zone, which is home to the Dangote Refinery and other industries, reforms in land administration, and tax transparency.

ADVERTISEMENT

The Permanent Secretary, Ministry of Industry, Trade and Investment, Nura Abba Rimi, said the global economy is changing and Nigeria must respond with agility by diversifying its economy.

“Nigeria stands at a crossroads with the global economy changing, so we must respond with agility and deliberate policy action. Manufacturing remains the backbone of industrialization. By strengthening cluster sector development and removing bottlenecks, we can improve export capacity.’’

 

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10167Tweet6355Share
ADVERTISEMENT
Previous Post

Women Canvass Competency As Necessary For Leadership Roles

Next Post

Adamawa Police Arrest Man Disguised As Woman In Church

Andrew Ojiezel

Andrew Ojiezel

You May Like

NECO To Conduct SSCE In Saudi Arabia
News

NECO Denounces Fake Recruitment Notice

2025/08/27
Kwara Varsity Lecturers Stage Peaceful Protest, Demand Payment Of EAA, Others
News

Kwara Varsity Lecturers Stage Peaceful Protest, Demand Payment Of EAA, Others

2025/08/27
June 12: Democracy Has Come To Stay In Nigeria — Gov Mohammed
News

Bauchi Records 70% 2025 Budget Performance

2025/08/27
Okpebholo
News

Edo At 34: Okpebholo Celebrates Founding Fathers, Sue For Unity

2025/08/27
ISERC: Imo North Communities To Get Electricity Soon — Lawmaker
News

JUST-IN: Imo Gov’t Approves N104,000 Minimum Wage For Workers

2025/08/27
Oyo Gov’t Partners Chinese Firm To Boost Economy, Create 5,000 Jobs
News

Oyo Gov’t Partners Chinese Firm To Boost Economy, Create 5,000 Jobs

2025/08/27
Leadership Conference advertisement

LATEST

NECO Denounces Fake Recruitment Notice

Crystal Palace Approach Man City For Akanji

Kwara Varsity Lecturers Stage Peaceful Protest, Demand Payment Of EAA, Others

Crystal Palace Agree £26m Deal For Villarreal Winger Pino

Bauchi Records 70% 2025 Budget Performance

Edo At 34: Okpebholo Celebrates Founding Fathers, Sue For Unity

PDP’s 2027 Zoning To South Is Wike’s Hand, Tinubu’s Voice, Says Dele Momodu

JUST-IN: Imo Gov’t Approves N104,000 Minimum Wage For Workers

Oyo Gov’t Partners Chinese Firm To Boost Economy, Create 5,000 Jobs

NECO Lists Hall, System Requirements As CBT Exams Begin November

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.