Reps Urge Nigerians to Buy Local as Reliance on Imports Threatens Economic Stability

 
Lawmakers say Nigeria’s economic future depends on supporting homegrown industries, boosting value addition, and strengthening domestic production.

The House of Representatives has issued a fresh call to Nigerians to prioritise locally made goods, warning that the country’s long-term economic stability depends heavily on reducing its dependence on imported products.


Lawmakers made the appeal during a plenary session on Tuesday, stressing that Nigeria cannot achieve sustainable growth without strengthening local manufacturing, improving value addition and increasing the competitiveness of homegrown industries.


According to members of the Green Chamber, widespread preference for foreign goods continues to “drain the nation’s foreign exchange, weaken local producers, and increase unemployment.” They argued that promoting locally manufactured products will help revive industries, empower small and medium enterprises (SMEs), and boost national revenue.


The House noted that countries with strong industrial bases prioritise domestic production and consumption. Nigeria, they insisted, must adopt the same mindset to withstand global economic shocks and currency instability.


Lawmakers also urged the government to provide more incentives to local manufacturers, including lower production costs, improved access to credit, and better infrastructure to support industrial growth.


They further appealed to citizens to “embrace a change in mindset” by choosing Nigerian-made goods across all sectors — from textiles and agricultural produce to household items, pharmaceuticals and technology products.


The call comes amid ongoing discussions about revitalising Nigeria’s economy, stabilising the naira, and reducing the nation’s heavy import burden.


If successfully implemented, lawmakers say the renewed push for local content could create jobs, strengthen the manufacturing sector and put Nigeria on a firmer path to economic independence.

Post a Comment

Previous Post Next Post