Local Shoe Production: Nigeria To Save N20bn Annually - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
June 9, 2019
The Director General,Defence Research and Development Bureau, DRDB Jomo Osahor said the Memorandumof Understanding between the Nigerian Institute of Leather and ScienceTechnology, NILEST Kaduna State, and DRDB on research and development offootwear for the Armed Forces will save Nigeria about N20 billion nairaannually.
Speaking at thesigning ceremony in Abuja, Osahor said it would also help to provide employmentand build capacities.
The Permanent Secretary,Federal Ministry of Science and Technology, Bitrus Bako Nabasu said the MoU ispart of the drive to diversify the economy and conserve foreign exchange.
He added theinitiative would also help in the effective exploitation of naturalresources.
According to Nabasu,the ministry is committed to implementing the MoU.
Earlier, the ActingDirector General, NILEST Eucharia Oparah said the bilateral partnership wouldreduce capital flight and promote made-in-Nigeria goods.