Nigeria’s ambition to establish a domestic mobile phone manufacturing industry faces challenges despite a significant mobile user base. The country, reliant on imports, witnesses monthly imports costing approximately N50 billion, as 99% of mobile devices sold are imported. Popularity of foreign brands like Tecno and Samsung stifles local competition. Efforts by local firms like AfriOne haven’t succeeded due to competitive disadvantages. Experts, like Chief Deolu Ogunbanjo, advocate for government intervention to stimulate local manufacturing, which could boost employment and curtail capital repatriation. A strategic roadmap fostering a business-friendly environment is essential to attract both local and foreign manufacturers. For more information, visit the original source here.
What strategies do you think the Nigerian government should implement to foster a local mobile phone manufacturing industry?
