Polymer Institute calls for financial backing for made-in-Nigeria goods

The Polymer Institute of Nigeria (PIN) has urged the Federal Government to provide financial support and equipment to manufacturers of made-in-Nigeria goods to boost Gross Domestic Production (GDP).

The institute’s President, Prof. Paul Mamza, who made the call, said such backing will also strengthen indigenous manufacturers to produce locally made goods that could compete favourably with the imported ones.

The National President also explained that investment in Public-Private-Partnership (PPP) determined the end results of successes to be achieved in such joint venture.

According to him, PPP is a collaboration of the public and private sectors in the financing and development of public goods and services.

“The success of PPP toward adding value to made-in-Nigeria goods and services is a mixture of hard work, zeal, patriotism, diligence, favourable policy formulation, collective patronage and national commitment,” he said.

According to Mamza, Nigerians also needed to take risk in venturing into business enterprise, adding that one of the key elements of PPP was risk management.

He therefore noted that all what Nigeria needed was political will, improved sensitisation about the essence of PPP as well as favourable environmental atmosphere for such partnership to thrive.

The National President, who said Nigeria had abundant local raw materials yet to be exploited, expressed optimism that their exploitation would bring about the diversification of nation’s economy and its economic prosperity.

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