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FG urge to use WTO moratorium clause to protect Nigeria”s real sector

The Federal Government has been urged to use the moratorium clause of the World Trade Organisation (WTO) in re-inventing the nation’s real sector.

WTO moratorium clause states that when ever an indigenous company or companies are under threat, it has an option of seeking the global protection of between five years in the first instance and another four years to put in place measures that will make it internationally competitive.

The Managing Director of Afprint Nigeria Plc, Mr Victor Eburajolo said the need to seek refuge under the WTO moratorium became imperative because of government’s challenges in meeting the aspirations of the real sector.

Eburajolo who blamed the one time Minister of Finance, Chief Anthony Ani for misleading the government into ratifying the WTO memorandum argued that the nation”s manufacturing sector would remain prostrate until government appreciates international economic politics.

“Our nation’s manufacturing problem started when we ratified the WTO documents without perfecting the act of manufacturing and growing the economy,” he said.

According to Eburajolo who spoke during a monthly media programme of the capital correspondents, said ““Nigeria lacks the capacity to compete regionally, continentally and globally with a viable infrastructure base.”

He said that WTO open door policy campaign remains a calculated attempt by developed and industrialized nations to effectively dominate the frontier markets of Africa, particularly Nigeria with high population.

Afprint Managing Director lamented the absence of government policy to encourage manufacturing arguing that government seems comfortable with the nation”s concentration with buying and selling.

On Afprint Nigeria, Eburajolo said that the company had quit textile manufacturing for more than seven years because of government’s attitude and the hostile operating environment.

“We have tried our best in mobilizing all the stakeholders in the textile industry but our efforts have been repeatedly rubbished by government nonchalant attitude and bureaucratic bottle necks,” he said


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