‘Industrialisation to drive Nigeria’s economy by 2025’
For Nigeria’s economy to attain its forecast value of $1 trillion by 2025, it will require a robust manufacturing sector and a detailed programme for industrialisation, the Director of Marketing at Afrocet Montgomery Limited, Jamie Pearson, has said.
Pearson said whilst there are many positive developments in the sector, capital flight still remains serious threats. At present, though still vibrant, there are notable problems, one of which remains the cost of doing business. High production costs, translate to low profit margins and even total loss of jobs across the country.
Pearson, who spoke ahead its exhibition, Propak West Africa slated for 20 to 22, September, said the unfavourable factors of job loss places Nigerian at a great disadvantage when they have to compete for jobs.
“At a time when globalisation has prompted fierce competition, innovative technologies and staying ahead of the market is important now more than ever. If Nigeria is going to fare well in this game of globalization, knowledge sharing from leading industry members is key to helping home-grown organisations find there way globally.
He described the event as the largest packaging, printing and plastics exhibition in the region, which has been carefully designed to embrace the industry’s leading trends and key topics.
According to him, the sector is rapidly expanding and beginning to make enormous contributions to national development.
Whereas before, people would rush abroad for their printing needs, Nigeria now, in theory, has enough quality printers to put an end to this capital flight.
“We are particularly excited to welcome some of the leading names in Nigeria’s burgeoning print industry to this year’s conference. This year, our panelist discussion titled, “How to avoid Capital Flight in the Nigerian printing industry” will allow our delegates to receive an authoritative insight into these problems and discuss viable solutions. Fittingly, Chief Executive Officer of University Press, Samuel Kolawole, will chair this panelist discussion.
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