Osinbajo, Amosun task companies to source raw materials locally

Osinbajo during the Democracy Day address.

The Acting President, Prof. Yemi Osinbajo, has called on manufacturing companies in the country to source their raw materials locally and reduce the importation of same to cut their cost of production and maximise profit.

Speaking during the inauguration of Procter and Gamble factory in Agbara, Ogun State, on Thursday, Osinbajo said this would guarantee their viability and security in their host communities.

A statement on Friday by the Commissioner for Information and Strategy in the state, Adedayo Adeneye, noted that the acting President, who commended the company’s efforts in the area of corporate social responsibility, especially on its safety water and hygiene initiatives, called on the company to do more.

Earlier in his speech, Ogun State Governor, Senator Ibikunle Amosun, said the state had attracted the largest foreign direct investment in Nigeria, noting that this was a testament to the ease of doing business in the state.

While promising that the state government would fix the Atan – Lusada – Agbara Road, he asked the companies in the axis to invest part of their profit in the project. He reiterated the call by the acting President on companies operating in the state to source their raw materials locally, in order to reduce production cost and maximise profit.

The Managing Director, Procter and Gamble, Mr. George Nassar, appreciated the efforts of the Federal Government and Ogun State in particular, for their efforts in boosting the ease of doing business in the country........