Oyelowo said: “we need to start with the regulatory bodies and government policy by ensuring that the atmosphere is good for raw materials to be produced in Nigeria by boosting our local sources and indigenous industries to produce locally made products in our local industries.”
Speaking on this, Oyelowo affirmed that the regulatory body that is saddled to inspect, monitor and check the quality of materials imported into the economy are not doing their jobs while hinting that Nigeria is an import based economy, such that, “we import all our materials and reinforcements and majority of the products imported are substandard. SON as a regulatory body must ensure conformity to providing quality standards material to developers in the real estate sector.
He said this would reflate on the economy to deploy strategic structures to tackle the huge deficit gap to build massive infrastructural projects in the emerging economy and fourth Industrial revolution, while stressing that, the focal point of attraction for growing businesses is having the most strategic location to accessing the Nigerian market.
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