The director of Centre for Management Development (CMD), Lagos, Dr. Mike Onodje has urged the federal government to provide bailout funds for manufacturers.
He said provision of considerable funds for them would no doubt cushion the effects of the ongoing economic instability in the country.
Onodje advised that the Central Bank of Nigeria (CBN) should adopt credit control measures to ensure that manufacturing companies don’t carry excessive leverage ratios.
He maintained that manufacturers across the country are currently facing hardship due to economic instability, hence the Federal Government should make efforts to provide bailout for them the way it did to assist state governments recently.
