Abdulrasheed Akanni Okoya, Chief Operations Officer of Fufubiao Group of Corporations, has known as on the Federal Authorities to help producers of constructing supplies and home goods with the intention to cut back prices and ease the monetary burden on Nigerian households.
Talking at a Press Convention held at Ikeja in Lagos on Wednesday, Okoya emphasised the necessity for pressing Authorities intervention to make constructing supplies and important home goods extra reasonably priced amid rising financial challenges.
“We established Fufubiao in 2019 to fill the hole within the home goods sector.
Learn additionally: Initiatives seen delaying on constructing supplies’ worth surge
“It’s excessive time the Nigerian authorities took proactive steps to help producers of constructing supplies and residential necessities corresponding to sanitary wares, furnishings, safety doorways, lighting, lodge provides, cleansing gear, and workplace provides,” he stated.
He famous that inflation has drastically affected the price of dwelling, compelling many Nigerians to prioritise meals over different primary requirements. Consequently, entry to important home goods and respectable housing has change into more and more tough for the typical citizen.
Okoya careworn the necessity for presidency collaboration with corporations like Fufubiao to make these merchandise extra accessible and reasonably priced. He additionally known as for stronger help for the home manufacturing of constructing supplies to assist cut back building prices, undertaking bills, and hire.
Learn additionally: How FG’s constructing materials hubs will sort out escalating housing prices, deficits
Whereas commending President Bola Tinubu’s latest coverage in discouraging the importation of products that may be produced regionally, Okoya urged the Authorities to create an enabling atmosphere for native producers. He particularly advocated for lowered tariffs and duties to encourage native manufacturing and reasonably priced pricing.
“Many Nigerians are homeless and have turned markets and under-bridges into their place of dwelling. We name on stakeholders and the federal government to behave swiftly in bringing down the price of constructing in order that properties can change into reasonably priced for all,” he concluded.
