Ogun State Sensitises Companies On Local Raw Materials

The Ogun State government has revealed that sourcing raw materials locally will help to address the foreign exchange challenges facing industries, enhance economic growth and create more jobs for Nigerians.

This was disclosed in a statement jointly signed by press officers, Ministry of Industry, Trade and Investment, Ogun State, Wale Osunbiyi and  Ismail Oladipo.

The statement quoted Kikelomo Longe, the state Commissioner for Industry, Trade and Investment, as saying this during her tour of Emzor Pharmaceutical Industry Groups, Apple and Pears Limited and CDK Integrated Industry Limited in the Sagamu area of the state.

According to Longe, the aim of the tour is to build a closer relationship with the industries and further understand their challenges, adding that the Dapo Abiodun-led administration would partner with the industries to address identified challenges to ensure their progress.

“Companies should embrace import substitution because increased local sourcing of raw materials would help address forex shortage faced by industries and aid the growth of the economy as well as create more jobs for Nigerians. The present administration is deeply interested in the companies doing well because we know when the companies do well; it will positively affect the entire ecosystem.

"We want to proactively support our companies and help them do well and grow on a sustainable basis. Once the industries are stronger, our people will also do well,” Longe said.