The Federal government has charged the Central Bank of Nigeria in collaboration with the Ministry for Trade and Investment, to strategize a measure through which the importation of foreign made goods can be substituted with the locally made goods, to enhance the growth of the Nigeria's economy.
President Goodluck Jonathan, stated this yesterday at a dinner night to host the top 100 companies in Nigeria.He said that Nigeria's dependent on foreign made goods has added to a drastic depletion of the nation's economy, and urgent measure is needed to reverse this trend, especially this time when the world oil price is on trip up.
This approach will boost the nation's economy and also assist in stabilizing it, even with the global fall of crude oil price.
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