Operators in the Information and Communication Technology, may have cause to smile soon as the Federal Government may be considering a ban on items that can be produced locally in the country. Minister of Communications, Adebayo Shittu made the remarks at an Indo Nigeria ICT summit held yesterday in Lagos.
Any company that shows verifiable evidence of interest and capacity to produce any product or even assemble them here in Nigeria, we will stop importation of such products, to encourage them.
Implications of a possible ban
Even though specific items are not mentioned, the ban could cover virtually almost every major ICT product is either made or assembled in Nigeria. Indigenous firms operating in the ICT sector could see a boost to their operations.
Zinox computers is into the assembly of computer components, ditto Omatek systems. Importers of these products would have to downsize their operations, or establish manufacturing plants in the country.
What the government should do
Banning the products only solves part of the problem, as the components to be assembled are also imported, leaving the firms at the risk of volatility in exchange rates.
Rather than place a ban on the items, the government should put in place a conducive business environment for businesses operating in the sector. Poor power supply, multiple taxation and several other factors make ICT products made in the country more expensive compared to those imported. The government can also grant the companies tax waivers, and enforce the recent executive order for Minstries, Departments and Agencies (MDAs) of government to purchase goods made in Nigeria.
The government could also decide to exclude these items from the official foreign exchange market, like the Central Ban k of Nigeria (CBN) did with palm oil. This led to bumper profits for local producers like Okomu Oil and Presco Plc.
My young Nigeria,i am winding-up or closing down my comments forever.you will not hear from me ever again,maybe next week or next month,even in management or econominc activites.certainly by the ending of this year..
All I am saying to young Nigerians,there is choice in wisdom and stupidity or in being poor and rich.money or riches do not excites me but to me: (1) proving myself to my creator and (2) to uses my God giving talents and blessing to makes me happy.if it’s riches so be it.
You have to forgive me,for lack of time and others.if i failed you in some ways.i talked to you not as a Nigerian or as an Igbo man.i talked to you as a fellow human being.i am responsible for all my thinking,i implores young Nigerians to think for themselves,everything is connected and do not let anybody do your thinking for yourself.think, think.once you start to think for some purpose,or something.you starts to demolishes some mundane thinking,avoid having a prejudices mind,have a clear mind.once you have a clear mind,you have one way assess to your creator.
The brain is a mass of tissure and nerves,is it designed for it’s purpose,?compared to the eyes,hands,leg..secondly at the end of your life or at your death bed,you will have all your flashes of your evil or goodness.you will pay for your stupidity,you have assess to your creator without anybody or religion,you are blessed by your creator.let your happiness be your happiness,and do not allows anybody tells you otherwise.This is your happiness or what it should be.There is some English word called positive discrimination,some call it hatred as some call it.i.e you do not associates with some demented people.you have your right to defend your lives as you want.let their thinking and their lives be as they want,as God will judge them as and when.and do not allows anybody how to defends yourself.
I am more than 50 yrs this year.my choices of word are not entirely mine,but thinking are all mine. am indebted to some people,when I was growing up.i talked to you to have understanding not to waste your lives.my primary school teacher a woman,she was not married or a gradute,and I cannot repays her for what she thought me.so I am repaying to this Nigerian God or female God.who thought me so much.my regret is that I was not effective as I really wanted to be,i prefers to have a personal touch but,to be partial effectively,i have be very humble,so you will effective in your thinking and have understanding.so my comments and glory to this nigerian God.
If I tell you.in a few years,in future Britain will attempt to rejoin European union,you will not believe me now,so do not believe all these noises about brexit,Brexit.Mrs May of Britain can go to japan or Canada or the british saying they are training or re-training some 20,000 Nigerian soldiers,they are wasting their time.i do not think rationally because of the level of my spiritualities.For spiritual growth,you can try buhddism it will raises the consiousnesness of your spiritualiies.for me if you ask if it right for you as an african person uses your brain,your level of spiritualities will interprete it for yourself.
As you grows in your level of spiritualities.your spirit will teaches and fills the missing link as you grows up.For exercise I do not go to gym as I do not have the time for it,but I do jogging twice a week for an hour.i do yoga for 15mins or 45 mins almost daily,i do meditation for about 15 min in most days.jogging is for prevention of diseases,yoga is for maintaining,my one day road link to my creato.rmeditation is for balancing my thinking.i.e harmony and the.suspending of time and space.This should be enough for you.my young Nigeria.Adios