Ogun, MAN task firm to boost economy, increase employment
For Nigeria to come out of poverty, manufacturing firms must revive the economy by increasing employment of more skilled locals where their businesses are cited.
‘Nigeria needs N770b yearly investment for real sector’s funding gap’
Vice President Yemi Osinbajo has said that about N770 billion investments would be needed yearly to bridge the financing gap in the country’s real sector.
CBN to ban $1.2b yearly forex for milk, other dairy products
The Central Bank of Nigeria (CBN) might have concluded plans to add milk and other dairy products to items on the foreign exchange restriction list with a view to boosting local production, and investment in ranches.
MAN outlines safeguards for post-AfCFTA ratification
Local manufacturers have outlined some of the pre-conditions and safeguards given to the Federal Government as part of measures to maximise...
‘A fair gas price is one that allows manufacturers to be competitive’
To enjoy benefits of price regulation, local manufacturers have kicked against the isolation of the textile industry as strategic gas users under the new gazette released by the Federal Government. According to them, the industrial sector is key to the economy and needs key interventions to function optimally, as the operators stressed the need…
Manufacturers want harmonisation of taxes, levies for higher productivity
Worried about the implications of additional tax burden on local producers, the Manufacturers Association of Nigeria (MAN) has urged the Federal Government to harmonize taxes/levies/fees payable by businesses in the country so as to attract more investment that would translate to higher productivity and more tax revenue for the Government in the medium and long…
Nigeria’s study on AfCFTA ready next January
The Presidential Steering Committee on the African Continental Free Trade Area (AfCFTA) Impact and Readiness Assessment, plans to present its recommendations...
‘Why government’s vehicle financing scheme is not achievable’
The plan provides for a credit purchase scheme, to ensure that funds are available cheaply, and made available as loans to civil servants, haulage and passenger commercial companies, and the general public that patronise made in Nigeria vehicles.
MAN proffers strategies for real sector growth, competitiveness
The Director General, Manufacturers Association of Nigeria, Segun Ajayi-Kadir has urged government to ensure a steady flow of foreign exchange allocation to the manufacturing sector for importation of vital raw materials and machinery not available locally.