In a recent interview with ARINZE NWAFOR, John Aluya, CEO of Technoglass Industries Ltd and a national council member of the Manufacturers Association of Nigeria (MAN), discussed Nigeria’s export prospects following its BRICS partnership and the global competitiveness of local products.
🔹 According to Aluya, Nigeria’s biggest challenge in manufacturing is its inability to compete effectively in international trade due to infrastructure deficits.
🔹 High production costs make locally made products expensive, driving consumers toward imports.
🔹 Unlike manufacturers in other countries, Nigerian businesses must self-fund critical infrastructure, including electricity, roads, and water, which significantly increases operational costs.
🔹 While Nigerian manufacturers are striving to produce quality goods, these constraints limit their global competitiveness.
With BRICS partnerships potentially opening new trade opportunities and fostering economic collaboration, will Nigeria overcome these structural barriers and position itself as a key player in international markets?
Read the full interview here.
