The economic landscape in Nigeria constitutes massive imports, even in industries where local businesses are producing ample, healthier products. The Maize Association of Nigeria in 2018 requested the Nigerian Government to completely ban corn importation Nationwide. This was proclaimed through the president of the association, Bello Abubakar, in an appeal to grow the market locally. Bello Abubakar in his appeal, said “Our last year’s production was 15 million tonnes and this year, we produced 20 million tonnes of maize and the required quantity for all maize processors in Nigeria is about 8 million tonnes.”
As the world progresses with globalization we continue to support fair trade and thus reject an immediate complete ban. Nonetheless, we support certain limitations on importation and legislation to improve local output. Greater tariffs should be charged on imported maize to encourage local businesses to first consider using the lower-priced locally-grown maize instead of imported maize. A complete ban can destabilize perfectly working business processes.
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The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Chief Executive Consultant, Olatorera Oniru is very passionate about seeing businesses succeed and operate optimally. She is also notably passionate about witnessing Africa transformed into one of the world’s greatest continents. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.
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