The new directive is long overdue, and the government, being the biggest spender, would do well to lead by example.
This will certainly send the right signals and raise consumer confidence in made-in-Nigeria products.
“President Tinubu has proposed that we will no longer just sit there and allow importation to come into this country where there is the capacity for production of these commodities locally.”
Brazil leads in South America with $300 billion in manufacturing value.
Its industrial economy is anchored by automotive production, food processing, chemicals, and aerospace, particularly through companies like Embraer.
Despite the increase in operating expenses, BUA Foods achieved a 124% profit after tax to N125.28bn in Q1 2025, compared to N55.82bn in Q1 2024.
The Group Managing Director/CEO Lolu Alade-Akinyemi highlighted the company’s dedication to innovation, sustainability, and operational excellence.
