Enforce ban on importation of finished furniture – Association urges FG

Fri, Aug 17, 2018 | By publisher


Business

OLA Balogun, Zonal Chairman, Nigerian Welders Association (NWA), on Friday appealed to the Federal Government to ban importation of finished furniture, to save local furniture factories from collapse.

Balogun, who spoke on the rate of unemployment affecting local furniture producers in the country, made the appeal in an interview with the News Agency of Nigeria (NAN) in Lagos.

He said that a large number of furniture factories and welders had been laid off work and were jobless, as a result of the incessant and indiscriminate importation of furniture.

According to him, the imported furniture is only flashy and cannot compete with the locally made ones in terms of quality and durability.

Balogun said the imported furniture were flashy because of the kind of sophisticated machines used in producing them.

He appealed to the government to intervene, by placing embargo on importation of some furniture, to encourage local manufacturers.

He insisted that the local furniture industry, with proper legislation, could provide huge revenue for the economy’.

He noted that some organisations and individuals have the misconception that indigenous producers and artisans were not good enough and then patronise imported furniture.

“One of the biggest challenges of the Nigerian economy is that it is import dependent.

“A number of companies that should have engaged in local production were importing finished products for domestic projects, which reduced gross domestic products and increased unemployment rate of the country.

“The Federal Government in 2004, under President Olusegun Obasanjo, introduced a new policy banning the importation of furniture into the country.

“This policy is to encourage economic growth and to promote local production of furniture.

“But recent developments have seen a downturn in investments and growth in the industry. The importation of finished furniture products has become rampant in the country,’’ he said.

He stressed that illegal trading of international furniture products in Nigeria had created a volatile business environment, where domestic furniture manufacturers cannot recover the capital they invested into setting up and running their furniture factories.

“It is time for the Federal Government to revisit and re-introduce the policies that will create growth in the furniture industry.

“If government fails to do this, and enforces the ban on importation of finished furniture into Nigeria, soon there won’t be an industry left to save.

“Proper implementation of legislation with appropriate methods of enforcement will force construction companies and traders to observe the relevant laws and policies,” Balogun said. (NAN)

– Aug. 17, 2018 @ 19:29 GMT |

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