‘No country grows economy by depending on imports’

Nigeria must look inward to develop its economy, as no country grows, the economy depends on imports.

Speaking yesterday in Abuja, receiving members of the Abuja Chamber of Commerce and Industry (ACCI) in the Feratto Industries Idu, industrialist Jude Igwe told reporters that Nigeria must develop industrially to compete with other industrialized countries.

He said that the import of finished products gives jobs to outsiders, and also invests money in the economy of other countries.

Igu, who is also the vice president of ACCI, Media, received a delegation around his polystyrene production plant in Ida, which was used to produce building materials, including panels, ceilings, flower vases, window frames and multi-form packaging materials. He said that polystyrene materials are very good, but the level of admission in Nigeria is still low due to low awareness.

ACCI President, Prince Adetokunbo Kayode, said that industrial development is important in Nigeria, and the camera supports people who are building industries for the development of the country's economy.

He said that the essence of the introduction of polystyrene materials in the construction sector is to allow the Nigerians to supply cheap housing, affordable housing and support the government to ensure the accommodation of Nigerians.

He urged the federal government and civil engineers to use polystyrene products for construction purposes in the country.

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