Nigeria’s high production costs threaten industrial competitiveness — Feese

By Favour Ulebor, Abuja

The Nigeria Economic Summit Group has warned that high production costs, unreliable electricity and poor logistics infrastructure are undermining Nigeria’s industrial competitiveness, calling for a council within the Presidency to coordinate industrialisation policies.

Co-facilitator of the NESG, Lumun Feese, said Nigeria needed a coordinated approach to industrial development to address structural challenges and enable local manufacturers to compete effectively in African markets.
She spoke at a breakout session on building an integrated industrial ecosystem during the 32nd Nigeria Economic Summit on Tuesday in Abuja.
Feese said Nigeria had dropped fro...