Manufacturers Urge Govt to Fix Energy, Infrastructural

Manufacturers have called on the government to address the energy and infrastructural challenges which has inhibited the maximum contribution of the sector to GDP and economic growth of the country.

The director of Trade for Federal Ministry of Industry,Trade & Investment, Mr. Yunusa Labaran stated that the manufacturing sector has not been able to contribute maximally to the economic growth of the country due to the challenges it has been facing in the area of energy and other critical infrastructure.

He said, “The objectives of the event is aimed at attracting Foreign Direct Investment (FDI), supporting the realisation of the objectives of the Nigeria Industrial Revolution Plan (NIRP) in addressing the supply-side constraints consistently inhibited the growth of manufacturing and industrialization in Nigeria, as well as generation of jobs and wealth creation.”

Also the director-general of Manufacturers Association of Nigeria (MAN), Remi Ogunmefun noted that this is in response to government commitment to industrialisation and diversification of the Nigeria economy and in tandem with the agenda of the current leadership of MAN to internationalize association’s operations and offer quintessential membership services to manufacturing operations using global best practices, benchmarks and platforms.

“The objectives of the event is to improve local production, increase output support job creation, attract foreign direct investment and ultimately stimulate the growth and diversification of the Nigeria economy through export of manufactured, non-oil and gas products,” he said.