However, Onyeiwu is skeptical of state-led industrial enterprise, citing the past failure of fertilizer and cement initiatives, and stresses the need for private sector leadership. Economic analysts Mckinsey predict Nigerian manufacturing has the potential to deliver output of $144 billion a year by 2030, up from $35 billion in 2013. The Professor believes that success with pencils could pave the way for more sophisticated production.
“The size of the market is huge, and we could export to other African countries.” “Pencils use simple, mature technology and raw materials that can be sourced domestically,” says Onyeiwu. Pencils can be a logical first step in developing industrial capacity, believes Professor of Economics Stephen Onyeiwu of Allegheny College. Onu claims that pencils will be the first of 1,000 products that could now be manufactured domestically, with six-cylinder engines next on the list. The government has adopted former President Goodluck Jonathan’s Nigeria Industrial Revolution Plan (NIRP) to scale up industrial production. The total manufacturing sector employed 18% of the workforce in 1982, but under 12% today. The textile industry alone employed around 350,000 people in the 1980s, a figure that has fallen to 25,000 today. It is hoped that pencil production can help to revive the manufacturing sector, which has declined since the oil boom of the 1970s. All pencils are currently imported, which has become prohibitively expensive as the Naira struggles. The Minister explained that pencils use raw materials that Nigeria possesses in abundance, such as wood, graphite, and rubber. It will create a minimum of 400,000 jobs.” When production of pencils begins, Nigerians will be amazed at the multiplier effects. “The private sector will come in to do the production and we will see the benefits. “We have all the things to produce a pencil, which is used by a large number of people from our young pupils to engineers,” Onu told Nigerian newspaper The Daily Trust. The Minister of Science and Technology, Ogbonnaya Onu, recently announced that the first pencil plant in West Africa would start production in 2018. With the value of oil and the Naira currency in decline, Nigeria is turning to old-fashioned pencils to provide relief.
0 kommentar(er)
