Nigerians spent N6.7 trillion on importation of consumables and household items in 2015, Minister of State for Industry, Trade and Investment, Mrs. Aisha Abubakar stated yesterday.

She spoke in Kano at a stakeholders’ meeting on “Buy Made-in- Nigeria Products” by the Ministry in collaboration with the Federal Ministry of Information and Culture.

Abubakar declared the staggering amount being spent on importation of goods as unacceptable, saying it is responsible for the campaign to change perception of Nigerians towards patronising locally made products.

She said: “In 2015 alone, over N6.7 trillion was spent on the importation of goods and services for which the nation can produce locally.

“Also, 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.”

Abubakar informed government’s determination to encourage the patronage of Made-in-Nigeria products by Ministries, Departments and Agencies made Acting President Yemi Osinbajo sign the Executive Order 3, aimed at ensuring that 40 per cent goods procured by government agencies are made locally.

http://investorsking.com/nigerians-spent-n6-7-trillion-imported-consumables-2015/

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All the politicians should let there children cum back to d country and continue their education b4 u start advising pple to patronize made in Nigeria goods...
Anyways FTC for d first time...

The guy above me is so on point, Nigerian politicians are all selfish, wicked and heartless

May God judge you all!!!

A minister driving in a convoy of 5 vehicles all made by Asians (Toyota), Using a phone manufactured in China by an American company (Apple), wearing a dress bought from US, shoe from UK and jewelry from UAE.

Now wants Nigerians to buy "Made in Nigeria"? Who no like better thing?

Ok

wot a pity we ve got a fatile soil, very good natural resources and we still spend dis much on imported consumable good I cry for naija

Same old story..
Our yam that is being exported will still be imported back as another product. No be naija we dey.
And to think this politicians no dey buy Locally made goods even education them no buy from naija pikin dey enjoy schooling abroad and they are here giving advice yeye people..

importing toothpicks and grass for cattle's?

what can u do to stop that because we just started producing pencil this year

What an absolute turd of a person. Whars unacceptable in importing? Can we produce everythinh we consume? The United kingdom imports more than 80% of what they consume and heaven did not fall



Build a better economy and there won't be any problem . Putting an embargo is the reason why food is most expensive here in Nigeria than anywhere in the world


Thunder fall on you idiots

Joysmith2:
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All the politicians should let there children cum back to d country and continue their education b4 u start advising pple to patronize made in Nigeria goods...
)

Gbam

Why won't we when you people have decided to keep exporting the INSUFFICIENT local consumables.

Olodo government!

Dumping ground

You don't mean it!!


At least we have started exporting BITTER LEAF

I'm not surprise, in Nigeria there so much money in everything including begging industry

.

My people please I want to ask a question o! Are we still in 2015?

can you please tell us how much politicians stole?

This mumu minister wan stay relevant. Mtcheew

It is easier to preach but sound policies does the magic. With sound policies in place, all other things fall into proper places.

They shld continue

Imagine how much wealth we would have created if this huge money was spent on made in Nigeria consumables...
Am just fed up!

Onkayn

Charity begins at home madam minister.Please start by advising the president to return back home, import those medical equipments, get the doctors to come to Nigeria and operate them while taking care of him.
At least one hospitar in Nigeria will be well equipped. The money we are wasting on parking the presidential plane will be saved.
Your london doctors will also teach our Nigeria doctors how to operate those equipment and the rate of medical tourism will reduce on the long run.

You can not ask me to buy made in Nigeria when you and your boss is not leading by example.

Please lead by example . That's you are leaders at the top and we follows from behind.

You guys are rulers like the north Korean chap. Any way I wish the president well so that all the money spended will be well spended. ( according to sports minister).

APC is a government full of lies.

But then we are not complaining

I thought ipob said they were industrious.unfortunately they have no impact in the economy.
They have failed to accept the fact that majority of the birafia are traders that deal in mostly imported goods.innoson does not manufacture but assembles and lot others ,that is why this government never favoured them. Finally nigeria will never move forward if our import is more than our export.

Haha