The Manufacturers Association of Nigeria, MAN, has stated that the Nigerian manufacturing sector is capable of growing by 5 percent per annum within the next four years.
MAN is currently collaborating with Manufacturing Partnerships for African Development (MPAD) to hold an Expo in Lagos,March,2016, where it hopes to meet thousands of industry experts as a way of realizing that dream.
The Chairman Economic Policy Committee (EPC) of Manufacturers Association of Nigeria, MAN, Reginald Odiah, who made this disclosure, stated that “My vision is to see a Nigerian manufacturing sector that is developing and achieving a GDP growth of 5% per annum for the next four years”.
The Association however called for a massive investment to take the Nigerian manufacturing sector to the next level, adding that they hope “that the expected investment will come from two fronts – internally from local investors who will take advantage of new government policies and support via the Central Bank of Nigeria, CBN and Bank of Industry, BOI to expand their existing businesses and move into new areas of manufacturing.
Ddiah said:“And then foreign investors who will want to take advantage of the new government policies and the investment climate.”
“Moreover, thousands of Nigeria’s leading manufacturing experts will meet for the third annual MPAD & inaugural Nigeria Manufacturing Expo (MAN Expo) in Lagos from 15-17 March, which will be launched in response to the government’s commitment to industrialization and Nigeria’s need to diversify.”
However, he added that the country is full of business opportunities that investors can tap to offset the current economic crash.
