The Lagos State House of Assembly has thrown its weight behind “Made in Nigeria” products, saying the culture will definitely strengthen the value of the naira.
This followed a motion jointly sponsored by 11 lawmakers and moved by Mr Rotimi Olowo, the Chairman, House Committee on Budget and Economic Planning.
The Speaker of the House, Mr Mudashiru Obasa said, “Federal Government should be concerned with policies that can make our local productivity improve. People should stop chasing dollars.
"Government must wake up to its responsibility so that people can patronise our schools, hospitals and goods such that we will not need to seek all these services from other countries.
"Let's start patronising made in Nigeria goods."
Obasa urged Nigerians to develop their own economy by changing their attitude to locally-made goods and services.
Also contributing, Olowo said: "Any nation that refuses to produce is exposed.
"Our import surpasses our export, so the demand for dollars has been presurissing the naira.
"If we increase our local production, demand for dollars will reduce.
"It is high time we limited ourselves to Nigerian foods and services. We must defend and protect the naira and value it."
Mr Gbolahan Yishawu, the Chairman, House Committee on Waterfront Infrastructure, said: “we are already dollarising our economy and we can't continue like this."
Yishawu, who urged the FG to revive local industries with improved power supply, said that government also needed to look into interest rates.