Buhari charges investors on local content
President Muhammadu Buhari has task local and international investors to embrace the local content policy in order to promote Made-inNigeria goods, stem capital flight and conserve foreign exchange.
The President gave the charge yesterday in Abuja at the opening ceremony of Novare Gateway Mall (Shoprite).
Buhari who was represented by the FCT minister, Mallam Muhmmad Bello expressed hope that the complex, located along airport road, would boost tourism, create jobs and provide refreshing shopping space for residents and visitors alike.
“Permit me to reiterate my call on the management, last year, to embrace the local content policy of the present administration designed to promote Made-inNigeria goods, stem capital flight and conserve the most needed foreign exchange. Nigeria cannot afford to continue as a dumping ground for foreign goods especially of such products where it has been abundantly blessed,” he said.
The chairman of the Mall, Abuja Prof Fabian Ajogwu recalled that the minister laid the foundation block for the edifice and expressed joy that the mall was completed 16 months after.
He said, Mall developed by Gray-Bar Alliance Limited, an affiliate of Novare Real Estate Africa, is driven by foreign direct investment and adopts a hybrid financing. The Mall is valued at over $68million with 60 stores.