Govt should help local suppliers of raw materials to boost production – P &G

Business News

By Franklin Ocheneyi

The Managing Director of Procter & Gamble, Mr George Nassar, has called on the Federal Government to continue its efforts towards helping local suppliers of raw materials to increase their capacities to produce more raw materials locally.

He made the call during  Suppliers meeting organised by the company with the Federal Ministry of Industry, Trade and Investment and Manufacturers Association of Nigeria, MAN to assess the capability of local businesses.

Nassar said: “P&G Nigeria currently procures 100 percent of the packaging materials for its products locally and is working towards increasing the local sourcing of the raw materials we use. We will continue to partner with the government in our quest to achieve this.

“P&G is committed to doing business with more locally owned businesses and we appreciate the role the Federal Government is playing towards improving the ease of doing business in Nigeria and as a business will continue to foster a strong partnership with them to boost this effort,” he said.

Speaking on the objectives of the meetings; Temitope  Iluyemi, Director of Government Relations and Public Policy for P & G Africa Operations, said: “Backward integration is essential to the growth of the Nigerian economy and P&G’s aim is to manufacture as close as possible to its consumers, encourage our global partners to do the same and thereby promote technology transfer. We will work to pre-qualify local suppliers for materials used in the production of consumer packaged products and by extension, build capacity of local manufacturers to compete effectively in regional value chains and further strengthen the diversification efforts of the Nigerian government”

Dr Francis Alaneme, Deputy Director Federal Ministry of Industry, Trade and Investment said: “We want to increase the local sourcing of raw materials in the country and it is imperative to create opportunities like this to promote growth and provide a platform for cross-sharing and capability building.  Partnering with corporate organizations like P&G to engage these businesses will grant us more access to notable suppliers of raw materials in the manufacturing sector and we commend the company’s effort in taking the lead on this.”

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