Lagos: Mrs Ngozi Oyewole, the Chairperson of the Wood and Wood Products Sector at the Manufacturers Association of Nigeria (MAN), has called for increased engagement with the government to enhance financial accessibility, expansion, and modernisation within the wood industry. Oyewole emphasized these points during an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos.
According to News Agency of Nigeria, Oyewole proposed the establishment of a dedicated wood industry development fund, which would offer grants and low-interest loans to Small and Medium Enterprises (SMEs) to support their growth initiatives. She also suggested that Nigeria should pursue trade agreements that facilitate access to international markets and actively participate in international trade fairs to showcase its products and forge valuable connections.
Oyewole highlighted the substantial potential of the wood sector to significantly contribute to Nigeria’s Gross Domestic Product (GDP), noting that it currently accounts for approximately two percent of the nation’s GDP. She stressed that a combination of appropriate strategies and inclusivity is essential to boost productivity and foster a thriving wood industry.
“One major strategy to consider to drive growth in this sector is investment in technology, and we must embrace modern technologies that enhance productivity. By collaborating with technology providers, we can access advanced machinery that streamlines production, improves quality, and lowers production costs,” Oyewole stated.
In addition, Oyewole underscored the importance of addressing skill gaps by offering tailored training programs, particularly for women. She advocated for initiatives like the National Skills Development Programme to include specialized training for women in the wood sector, empowering them to assume leadership roles.
“As a female leader in this sector, I understand the importance of inclusivity. Initiatives such as mentorship programs for women can empower them to pursue careers in this field, take on leadership roles, and bring diverse perspectives to the industry,” she added.
Furthermore, Oyewole urged industry players to adopt sustainable forestry practices to ensure long-term resource viability. This includes responsible sourcing and adherence to environmental regulations. She also emphasized the need for increased investment in research and development to drive innovation in product design and manufacturing processes.
“Collaborating with universities and research institutions can yield new materials and techniques that meet market demands. Strengthening associations such as the wood products manufacturers association will allow us to share best practices and resources. A united voice can advocate more effectively for the needs of the sector, facilitating collaboration among stakeholders,” she explained.
Oyewole also expressed her support for the Nigeria First Policy introduced by President Bola Tinubu, stating that it aligns with the wood sector’s vision to harness local resources and skills to promote sustainable growth and reduce reliance on imports.
