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“The key is to create the right incentive, regulation and policy so that people can work with them and do more locally than just importing. The other thing I should mention is that Nigeria has an industrial revolution plan developed by the last government, but the plan needs to be revisited.

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“We need to look beyond the rhetorics and actually implement what we are talking about, because I believe that if we implement them, we will get better result.”

On the same note, Herbert Wigwe, Managing Director during the same event highlighted that due the scarcity of forex, manufacturers are unable to but raw materials.