BUHARI’S VISIT TO CHINA IS FRUSTRATING LOCAL MANUFACTURING

Manufacturers Association of Nigeria (MAN) has claimed Nigeria’s continued importation of goods from China is frustrating our abilities as citizens to manufacture locally.

Speaking during a presentation at the China-Africa Summit organized by Africa Today in Abuja recently, MAN President, Dr Frank Jacobs, attributed the failure of textile, plastic companies, flour mills and other processing companies in the country to Nigeria’s trade relations with China.

According to him, “the massive influx of all sorts of cheap and substandard products point to the fact that Nigeria is fast becoming a dumping ground for Chinese inferior products. This development denies Nigerian manufacturers the opportunity of developing their full potential and maximizing their capacity, in the absence of appropriate supportive infrastructure, leading to high cost of production”.

“The Nigerian government should encourage more direct investments by Chinese companies in Nigeria in order to reduce the serious trade imbalance and provide more jobs for Nigerians. Also, China should be encouraged to set up more production facilities in Nigeria instead of producing in China and exporting to Nigeria,’’ he said.

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