Manufacturers embrace local sourcing, value addition to cut import dependence

By Yinka Kolawole Nigeria’s manufacturers are increasingly embracing local sourcing and value addition as a survival strategy to reduce dependence on imported inputs amid rising production costs that continue to undermine their competitiveness within the domestic and regional markets. Industry operators, however, warn that without lower financing costs, improved infrastructure, better logistics and stronger government support […] The post Manufacturers embrace local sourcing, value addition t...

By Urowayino Jeremiah