‘Pa­tron­age of lo­cal goods, so­lu­tion to un­em­ploy­ment’

Daily Trust - - NEWS - Sho­prite opens a sec­ond store in Abuja yes­ter­day From Kay­ode Ekun­dayo, La­gos

La­gos Cham­ber of Com­merce and In­dus­try on Wed­nes­day urged govern­ment at var­i­ous lev­els to lead by ex­am­ple through pa­tro­n­is­ing lo­cally made goods the only way the cur­rent high un­em­ploy­ment in the coun­try can be tamed.

The cham­ber at the end of its coun­cil meet­ing held in La­gos ex­pressed con­cern over the wors­en­ing un­em­ploy­ment in the coun­try with youth un­em­ploy­ment at 54 per cent, not­ing that it poses great dan­ger to the eco­nomic, so­cial and po­lit­i­cal sta­bil­ity of the coun­try.

It said in a com­mu­nique signed by its di­rec­tor gen­eral, Muda Yusuf, that the pa­tron­age of lo­cally pro­duced goods should go be­yond lip ser­vice.

“The govern­ment has a re­spon­si­bil­ity to pro­vide lead­er­ship and ex­am­ple in this re­spect. Coun­cil be­lieves that an ef­fec­tive pol­icy of pa­tron­age of lo­cally pro­duced goods would greatly en­hance the prospects of job cre­ation. It noted that im­ported prod­ucts are pro­gres­sively crowd­ing out lo­cally pro­duced goods in the Nige­rian mar­ket. Pa­tron­age of do­mes­tic prod­ucts will boost the chances of re­ten­tion of the value of ex­pen­di­ture within the econ­omy,” it stated.

It called for ur­gent sup­port for SMEs to re­tain ex­ist­ing jobs and cre­ate new ones. Crit­i­cal ar­eas of sup­port in­clude fund­ing and ca­pac­ity build­ing.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.