The Chief Executive Officer of Technoglass Industries Ltd and national council member of the Manufacturers Association of Nigeria, John Aluya, speaks to ARINZE NWAFOR on Nigeria’s export prospects following the BRICS partnership and the global competitiveness of local products

Nigeria recently joined BRICS as a partner country. How strategic is this partnership to the country’s foreign trade, especially for manufacturers?

The biggest challenge we have in manufacturing is that we are not strong enough to compete in international trade because we have infrastructure deficits. By the time we calculate the cost of our production, it becomes so expensive. That is why you find a lot of people go for imported items.

It’s not that Nigerian manufacturers are not doing their bit. They are, but they are constrained by the challenges of the high cost of production created by the deficit of infrastructure because you provide your light, you provide your roads, and you provide your water. These are the things manufacturers all over the world take for granted.

https://punchng.com/non-competitive-goods-undermine-nigerias-brics-ambitions-technoglass-ceo/