By Naomi Uzor
THE Manufacturers Association of Nigeria (MAN),Wednesday, frowned at the importation of equipment and raw materials that are locally available.
Speaking at the on-going Nigeria Manufacturing Equipment, NME, Expo in Lagos, President of MAN, Dr. Frank Jacobs, said: “The 2017 NME and the Nigeria Raw Material, NIRAM expo is one of the most exciting things to happen to the industrial sector. On display are the latest models of manufacturing equipment, machine tools, technologies, spare parts, manufacturing raw materials and many more.”
He noted that the exhibition also provide opportunities for large and medium size companies to retool their machinery and get information on local sources of raw materials to boost their productivity, reduce cost and time of procurement.
“We may be aware that one of the major problems of manufacturers is the continued use of obsolete machinery and equipment. This impedes the efficiency of manufacturers, especially small and Medium-scale ones, as it slows down production, inhibits efficiency and economy of scale,” he said.
The organisers of the event through its Managing Director, Clarion Events West Africa, Mr. Dele Alimi, said: “By exposing the raw materials available in different parts of Nigeria through this medium, manufacturers will be saved the rigors of sourcing for forex to import raw materials for their production. “We expect that co-locating raw materials expo with the equipment provides manufacturers solutions to the much clamoured resourced based production, which is being preached by the federal government and MAN,” he said.
“We are looking at building capacities of these companies in the manufacturing sector to start looking inwards by substituting their imports sourcing for raw materials locally. This we believe will help the country save its scarce foreign exchange,” he added.
The organisers of the event through its Managing Director, Clarion Events West Africa, Mr. Dele Alimi, said the event would also give opportunities to exhibitors to attend free conferences on how to build their capacities, get access to finance and access new emerging markets.