MAN Projects 5% Growth for Manufacturing Sector in 4 Years

The Manufacturers Association of Nigeria, MAN, has disclosed its desire to grow Nigerian manufacturing sector by 5 percent per annum within the next four years. They are 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 realising that dream.

The Chairman Economic Policy Committee (EPC) of Manufacturers Association of Nigeria, MAN, Reginald Odiah,  said, “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”. They however called for an enormous investment to take the Nigerian manufacturing sector to the next level.

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 industrialisation and Nigeria’s need to diversify.

He argued that 2015 was particularly a difficult year for local manufacturers, “reason being that it is an election year and government attention was particularly drawn into electioneering and winning the elections. Very little attention was paid to other sectors of the economy, especially manufacturing as is usual at these times.

“We are hoping and looking forward to Government now giving more time to the Real Sector – Manufacturing and Agriculture. We hope to prepare ourselves working with Government towards addressing the challenges of moving the real sector forward in 2016.”