Forex: embrace locally sourced materials, Ogun govt urges industries

The Ogun State government has urged companies to embrace import substitution and increase patronage for locally sourced raw materials. This, the government said, would help address the forex shortage faced by industries. The Commissioner for Industry, Trade and Investment, Mrs Kikelomo Longe, said this during her tour of Emzor Pharmaceutical Industry Groups, Apple and Pears […]

The Ogun State government has urged companies to embrace import substitution and increase patronage for locally sourced raw materials.

This, the government said, would help address the forex shortage faced by industries.

The Commissioner for Industry, Trade and Investment, Mrs Kikelomo Longe, said this during her tour of Emzor Pharmaceutical Industry Groups, Apple and Pears Limited and CDK Integrated Industry Limited, all located at the state’s Sagamu Interchange Industrial Cluster.

Longe noted that the country was endowed with natural resources that could enhance the Gross Domestic Product and aid the growth of the economy, as well as create more jobs for Nigerians.

She also called on the companies to continue to give back to their host communities through the implementation of relevant Corporate Social Responsibility (CSR) projects, to further build a harmonious relationship with the people.