Tinubu’s Blueprint to Boost Nigeria’s Non-Oil Exports: Key Policies for Manufacturing Growth
Nigeria’s Non-Oil Export Crisis: A Call for Urgent Action Nigeria’s non-oil export sector faces a critical challenge: frequent rejection of exported goods due to poor quality and high production costs. To unlock its potential, President Tinubu must implement policies that boost manufacturing output, enhance competitiveness, and align with global standards. 1. Fix Infrastructure to Cut Costs Why it matters : Poor roads, erratic power, and inefficient ports inflate production costs, making Nigerian goods uncompetitive. Solution : Invest in transportation networks (roads, rail, ports) and utilities (stable electricity, water). Impact : Lower logistics costs, smoother supply chains, and faster access to global markets. 2. Incentivize Manufacturing Investments How to attract investors : Offer tax breaks, grants, and subsidies for manufacturers. Create Special Economic Zones (SEZs) with relaxed regulations and tax holidays. Result : Increased foreign and local investment in factories, boosting […]