Perm Sec Calls For Review Of WTO Pact | Independent Newspapers Limited
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Perm Sec Calls For Review Of WTO Pact

Posted: Sep 4, 2015 at 12:00 am   /   by   /   comments (0)

Stories by Ikechi Nzeako,


Permanent Secretary in the Federal Ministry of Science and Technology, Mrs. Winifred Oyo-Ita, has called on the Federal Government to review Nigeria’s participation in World Trade Organisation (WTO) in order to save Nigerian entrepreneurs from collapse.

The permanent secretary made the call during an official visit to the Technology Incubation Centre in Agege, Lagos State.

She said signing of the pact by the Federal Government has led to a situation in which the country has become a dumping ground for all manner of goods with questionable quality, adding that there was a need to review the pact in order to save Nigerian entrepreneurs from unfair competition.

According to her many of the goods that were being imported could be made in the country if Nigerian e entrepreneurs were given the necessary support, saying that President Muhammadu Buhari had promised to support entrepreneurs in the country.

She said countries like India, China and others developed by closing their borders to foreign goods and patronising home made goods.

According to Mrs. Oyo-Ita, Nigerian entrepreneurs produce high quality products that meet intentional standards and urged governments, agencies, individuals and others to patronise goods and services that were produced by Nigerian entrepreneurs.

She praised the Lagos State government for collaborating with the TIC in building of an industrial park for entrepreneurs and urged other states to do the same.

She, however, told the entrepreneurs that President Buhari was impressed by the quality of the products produced at the centre.

Also speaking on the occasion, the coordinator of the centre, Dr Julie Momah, said that the centre has been creating wealth for Nigerians and has graduated over 80 entrepreneurs, who are doing well in several sectors of the economy, adding that the centre had created over 10,000 jobs.

According to the centre coordinator, Lagos TIC has over 3,000 different locally made Nigerian products in the Nigerian market. Momah said that the total net worth of entrepreneurs at Lagos TIC was over N275 million and that the centre was able to secure NERFUND N50 million loan to help entrepreneurs boost their businesses.