The Senate President, Bukola Saraki, has initiated a business competition to promote Made-in-Nigeria products.
The competition, scheduled to run for 3 months, is aimed at showcasing processes and raw materials, used in producing locally-made goods.
In a statement he personally signed, Saraki, said the contest will identify good products that can be matched with investors and government agencies.
He also added, that such agencies or investors, will drive the products to the extent that they compete favourably with any similar product being imported.
The competition, scheduled to run for 3 months, is aimed at showcasing processes and raw materials, used in producing locally-made goods.
In a statement he personally signed, Saraki, said the contest will identify good products that can be matched with investors and government agencies.
He also added, that such agencies or investors, will drive the products to the extent that they compete favourably with any similar product being imported.
“Today (yesterday), as promised, we kick-start the soft launch of the #MadeInNigeria Challenge.“This campaign is organised to showcase everyday products that are used by Nigerians, and produced by Nigerians locally, that serves as an alternative to imported products.
“The next few weeks, we hope to identify products and ideas, that can be matched with investors and government agencies.
“To wrap up the challenge, in March, we will be inviting some of the finalists to a Made-in-Nigeria Round-table, at the Senate.
“This Round-table will allow us, Legislators, Government Agencies, Business Owners, and everyday Nigerian consumers, to review and update the report of the National Assembly Business Environment Round-table, NASSBER, which was held in 2016, to improve the ease of doing business in the country,” he said.
Saraki noted, that the Round-table would also be used to get feedback on the Public Procurement Act, passed by the Senate, in 2016.
The amended Act, mandates government agencies to give preference to local manufacturers, in procurement of goods and services.
Concluding, the Senate President, wished all participants success, while he called on Nigerians to “use the hashtag #MadeInNigeria in all submitted videos.”
To participate in the contest, participants are expected to shoot a video of between 45 seconds to 3 minutes, showcasing their products or services, that is an alternative to imported ones.
The manufacturer, must utilize up to 70 percent of locally-sourced raw materials, to qualify as Made-in-Nigeria goods or services.
The amended Act, mandates government agencies to give preference to local manufacturers, in procurement of goods and services.
Concluding, the Senate President, wished all participants success, while he called on Nigerians to “use the hashtag #MadeInNigeria in all submitted videos.”
To participate in the contest, participants are expected to shoot a video of between 45 seconds to 3 minutes, showcasing their products or services, that is an alternative to imported ones.
The manufacturer, must utilize up to 70 percent of locally-sourced raw materials, to qualify as Made-in-Nigeria goods or services.
The video according to Saraki, has to state the registration status of the company, the number of people currently employed, and “the intervention you need from government,” to aid small businesses in Nigeria.
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