The economy’s revival is not possible without effective policies to support economic interventions, the union said.

Stressing on the importance of encouraging citizens to buy indigenously-manufactured goods at the union’s 91st central working committee (CWC) meeting in Lagos, its national president Peters Godonu said the lack of patronage for indigenous goods is exacerbating economic challenges and encouraging smuggling, according to domestic media reports.

He attributed inadequate and expensive electricity supply, poor infrastructure, high taxes and interest rates, soaring diesel costs, and the depreciating value of the naira to the industry’s struggles.

Fibre2Fashion News Desk (DS)