MMSD decries Importation of Metals, says it’s Killing SMEs in the sector

Business News


The Ministry of Mines and Steel Development (MMSD) has lamented that the importation of metal product into Nigeria, especially those locally produced in the country has dealt a serious blow on the small and medium scale enterprises (SMEs) operating in the sector in the country.

“We import all kinds of metal products, even the ones produced within the country. This is because the quality of products made in Nigeria cannot be compared with those imported,” said Permanent Secretary, Dr. AbdulKadri Mu’azu, at a workshop on stimulation and promotion of activities of SMEs in the metal sector held in Jos.

He continued “Also, the quantity of metal products made in Nigeria cannot meet the demand in the country. Imported products are also in higher demand in Nigeria because they are cheaper.”

He said the trend was impacting negatively on the sector as SMEs were folding up and jobs being lost, noting that the sad development informed the ministry to organise the workshop.

Mu’azu, who was represented by the Director of Steel, Kolawole Olasupo, said the workshop was meant to sensitise and encourage SMEs in the metal industry in Nigeria, and to highlight the role government is expected play in helping them develop their businesses.

Mu’azu assured that, ”With the recent declaration by the Minister of Mines and Steel Development, Olamilekan Adegbite, and the Minister of State, Uchechukwu Ogah to give metal industry the needed priority, local production will experience exponential growth.”



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