Post by Trade facilitator on Sept 13, 2014 16:02:07 GMT 1
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has called on Nigeria to align with current global trend to enhance her competitiveness by re-focusing and re-strategising through diversification of her economic base away from oil to non-oil export products.
Speaking at the official opening ceremony of the 54th annual conference, tagged "Improving Nigeria's Competitiveness in the Global Market: Panacea for Growth and Development of the Non-Oil Export", the National President of NACCIMA, Alhaji Mohammed Badaru Abubakar, said, indeed, there is need for Nigeria to align with current global trend to enhance her competitiveness by re-focusing and re-strategising through diversification of her economic base away from oil to non-oil export products, adding that this is what we need as a nation for ensuring the successful growth and development of the Nigerian economy so as to continue to be competitive and relevant in the global market place.
"To achieve this feat of boosting non-oil exports in the country, with a view to making the sector vibrant and competitive in terms of exportable products and revenue generation, Government must be ready to demonstrate the Political Will by ensuring the provision of the desired enabling environment, including of course adequate infrastructure and incentives to encourage the production of quality goods and services in Nigeria to facilitate a competitive export oriented manufacturing sector" he said.
According to him, in today's global markets, every business is pitted against worldwide competitors with consistently improving productivity, better performance, and shrinking prices.
"The significant, long-term problems we are facing in the new Century require major shifts in mindset and consistent adaptation to new societal shifts that will serve as panacea to boost non-oil export growth. Indeed, to continue to remain competitive in the global markets, it is important to keep investing in capacity building of local manufacturing jobs. This does not mean replacement of the old-style, labour-intensive factory jobs; those have already disappeared in the last century. The prevailing wisdom of lower-cost, higher-volume manufacturing is clearly wrong. It is not just a question of "manufacturing" jobs," he stated.
Source: allafrica.com/stories/201407110390.html
Speaking at the official opening ceremony of the 54th annual conference, tagged "Improving Nigeria's Competitiveness in the Global Market: Panacea for Growth and Development of the Non-Oil Export", the National President of NACCIMA, Alhaji Mohammed Badaru Abubakar, said, indeed, there is need for Nigeria to align with current global trend to enhance her competitiveness by re-focusing and re-strategising through diversification of her economic base away from oil to non-oil export products, adding that this is what we need as a nation for ensuring the successful growth and development of the Nigerian economy so as to continue to be competitive and relevant in the global market place.
"To achieve this feat of boosting non-oil exports in the country, with a view to making the sector vibrant and competitive in terms of exportable products and revenue generation, Government must be ready to demonstrate the Political Will by ensuring the provision of the desired enabling environment, including of course adequate infrastructure and incentives to encourage the production of quality goods and services in Nigeria to facilitate a competitive export oriented manufacturing sector" he said.
According to him, in today's global markets, every business is pitted against worldwide competitors with consistently improving productivity, better performance, and shrinking prices.
"The significant, long-term problems we are facing in the new Century require major shifts in mindset and consistent adaptation to new societal shifts that will serve as panacea to boost non-oil export growth. Indeed, to continue to remain competitive in the global markets, it is important to keep investing in capacity building of local manufacturing jobs. This does not mean replacement of the old-style, labour-intensive factory jobs; those have already disappeared in the last century. The prevailing wisdom of lower-cost, higher-volume manufacturing is clearly wrong. It is not just a question of "manufacturing" jobs," he stated.
Source: allafrica.com/stories/201407110390.html
