You are here
Home > BUSINESS > ‘Only good policies will transform Nigeria’s economy’

‘Only good policies will transform Nigeria’s economy’

‘Only good policies will transform Nigeria’s economy’

Please follow and like us:

  • 0
  • Share

The Managing Director, Lifemate Nigeria Limited, Dai Derek has affirmed that good economic policies will transform the country’s economy from the present state to a developed one.

Derek said China’s economy was like that of Nigeria twenty-five years ago, but it is now among the leading global economies as a result of good policies.

He said this at the 2018 specialised trade fair and exhibition of Lifemates furniture in Abeokuta, Ogun state as he stressed that they are not in the country only to do business but to invest, create employment, pay tax and train Nigerians on how to produce good furnitures.

He however advised the government to reduce tax to attract more investors and also make available raw materials that can be sourced locally as he wished they can get all their production materials in Nigeria.

“The problem is we can’t get all leather materials in Nigeria as I hope to get all the accessories and materials here so there will be no need to import from China, USA or Italy,” he said.

A guest and Chairman, Ogun State Council of National Union of Civil Engineering Construction, Furniture and Wood Workers (NUCECFWW), Midian Nanle also urged the government to create an organised furniture market to boost the manufacturing sector in Nigeria.

He accused the government of lacking the willpower to create enabling environment to encourage individuals with skills to put it into practice.

Nanle advised government to give soft loan of at least N1.5 million and above to encourage people with furniture skills start up their business.

“The problem we have in Nigeria is that we don’t have the human capacity and the government at the center lacks the will power to create the enabling environment to encourage people that have those skills to put them into practice.

“Like in this company, there are people that have been trained well and who want to start their own business but no capital to buy machine, because of the cause of the machines. So if soft loans are provided, it will encourage this people to start up something,” he said.

Nanle who was impressed with the quality of materials used for production, said the company will be of great value to Ogun state government in terms of revenue generation, employment and tax.

According to him, the company is investing in Nigeria by training workers on how to operate high standard machineries that produce most of the products adding that almost all the goods are made by Nigerians and only being supervised by Chinese.

The post ‘Only good policies will transform Nigeria’s economy’ appeared first on The Nation Nigeria.

Facebook Comments

Please follow and like us:

  • 0
  • Share

Leave a Reply

Top