The Manufacturers Association of Nigeria has urged the real-estate sector to embrace innovative and disruptive technologies in order to remain competitive.
The Punch stated that this was recently revealed by the association’s president, Francis Meshioye, during a press conference to kick off this year’s Nigeria Raw Materials and Manufacturing Equipment Expo.
“We must harness these innovations to foster self-sufficiency in the ever-evolving landscape where disruptive technologies and trends, such as blockchain, Internet of Things, machine learning, artificial intelligence, green energy, and augmented reality, are set to shape the future.”
He stated, “It is equally important to remember how important it is to use locally sourced raw materials and to take advantage of vital support services like financing and logistics.”
The event’s theme this year is “Future Manufacturing: Building a Sustainable Roadmap to the Industrialization of Nigeria,” according to Meshioye.
He said that the theme was pertinent to the current instances, emphasizing the necessity for stakeholders to have in-depth conversations on the significance of industry-supportive, ecologically conscious, and forward-thinking manufacturing strategies.
He went on to say that industry participants would be present at the exhibition, which was scheduled to take place in Lagos from November 21 to 23, to provide solutions to the problems that Nigerian manufacturing would face in the future.
The Director-General/CEO, Prof. Hussaini Ibrahim, stated that the council has collaborated with stakeholders over the years to improve manufacturers’ access to primary and secondary raw materials.
He continued by saying that by giving certain farmers enhanced seeds or seedlings, as the situation may be, the primary production of a number of important agricultural raw commodities, including cotton, sorghum, tomatoes, cacao, sheet trees, oil palms, soya beans, cane sugar, cashews, fruits, and sesame, had increased.
“Moreover, setting up more than 40 pilot plants at the newly opened Technology and Innovation Complex, Obasanjo Space Centre, Airport Road, Abuja, by the Raw Materials and Development Council is evidence of our steadfast dedication to guaranteeing competitiveness in raw material and product development,” the speaker said.