Manufacturing, commercialisation critical to driving Nigeria’s economic growth – Expert

An entrepreneur, Mr Innocent Ogu, says manufacturing and commercialisation are critical to driving Nigeria's economic growth. Ogu, the President, African Legacy International, told the News Agency of Nigeria (NAN) in Abuja that his organisation was committed to fostering economic development through strategic initiatives. He said one of such efforts was the upcoming 2024 Industrial and Commercial Expo, designed to catalyse technology transfer among stakeholders in the sector. According to Ogu, the 2nd edition of the Expo, themed 'Driving the Nigerian Economy to the Global Markets Level,' is scheduled to take place from August 21 to August 23 in Abuja. He said various measures had been taken to ensure the event's success, including the participation of more than 300 exhibitors and about 10,000 attendees. 'The event will feature high-level Government to Business meetings, and we expect about 300 exhibitors from different countries. 'Delegates will have the chance to meet local and international manufacturers, brands, and suppliers from various countries . 'The countries include China, South Korea, India, Pakistan, the Philippines, Indonesia, Thailand, Brazil, Poland, the Netherlands, South Africa, Egypt, and many others,' he said. Ogu encouraged local manufacturers to showcase their products and engage with international producers, promoting an exchange of ideas and fostering business collaborations. According to him, such interactions can significantly benefit Nigerian businesses by exposing them to global markets. He expressed optimism that the programme would drive the Nigerian economy toward global market competitiveness. 'The Expo aims to provide Nigerians with the opportunity to compete on an international level, offering greater value for their goods and services. See also SMEDAN trains over 10,000 young entrepreneurs in North East in 2020 'Local exhibitors are expected to gain enhanced visibility and appreciation for their participation, while international exhibitors will find direct end users for their products and services. 'The projected 10,000 visitors expected at the event highlights its potential impact on both local and international business communities. 'The 2024 Industrial and Commercial Expo represents a significant step towards economic growth and development in Nigeria.

'It will showcase the nation's potential to engage with the global market and foster valuable business connections,'he Ogu said.

Source: News Agency of Nigeria