The National Sugar Development Council has called on policymakers to prioritize reforms that would lower production costs for manufacturers in Nigeria. Executive Secretary Kamar Bakrin warned that high operating expenses are putting pressure on producers and could weaken their position in the market.
According to the council, sustained cost pressures risk eroding the market share of Nigerian manufacturers. If production remains expensive, local companies may find it harder to compete and maintain their footing in key segments of the economy.
Bakrin's message points to the need for policy action that makes domestic manufacturing more viable. Although the available excerpt does not spell out every proposed reform, the central argument is that reducing the cost of production is essential for protecting industry performance and improving competitiveness.
The NSDC's intervention adds to the broader discussion about how Nigeria can create a more supportive environment for manufacturers. By linking production costs to market share and industrial strength, the council is underscoring the importance of reforms that help businesses produce more efficiently.
