The Manufacturing Association of Nigeria (MAN) is set to hold its Manufacturing Partnerships for African Development (mPAD) & inaugural Nigeria Manufacturing Expo (MAN Expo) at the Landmark Centre in Lagos state from the 15th to 17th of March, 2016. At this event, the association will meet to discuss various possibilities on how to improve the manufacturing sector in the country.
Thousands of Nigeria’s leading manufacturing experts will be present as this year’s edition is a direct response to the proclaimed commitment of the Muhammadu Buhari led administration to diversify Nigeria’s economy as a result of the fall in oil prices.
The event will play host to several international and local manufacturers including Cadbury Nigeria, Kautex Maschinenbau GmbH, Nestlé Nigeria, Procter and Gamble and many others.
The
Chairman Economic Policy Committee (EPC) of Manufacturers Association of
Nigeria, MAN, Reginald Odiah, who made this disclosure, stated that the country is full of business opportunities that investors can
tap to offset the current economic crash. His words: “To the prospective
investors I say that Nigeria has very wide and unexploited business prospects
ranging from solid mineral exploitation to Agriculture / Agro-allied etc.
Read more at: http://www.vanguardngr.com/2016/02/manufacturing-sector-to-grow-by-5-in-4-years-man/& venturesafrica.com
Read more at: http://www.vanguardngr.com/2016/02/manufacturing-sector-to-grow-by-5-in-4-years-man/& venturesafrica.com
However, he added that
the country is full of business opportunities that investors can tap to
offset the current economic crash.
His words: “To the prospective investors I say that Nigeria has very
wide and unexploited business prospects ranging from solid mineral
exploitation to Agriculture / Agro-allied etc.
Read more at: http://www.vanguardngr.com/2016/02/manufacturing-sector-to-grow-by-5-in-4-years-man/
Read more at: http://www.vanguardngr.com/2016/02/manufacturing-sector-to-grow-by-5-in-4-years-man/
The Manufacturers
Association of Nigeria, MAN, has expressed its desire to grow Nigerian
manufacturing sector 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 realising 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.
“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 industrialisation 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.
His words: “To the prospective investors I say that Nigeria has very
wide and unexploited business prospects ranging from solid mineral
exploitation to Agriculture / Agro-allied etc.
“There are opportunities for investors that have true love and interest
in investing in Nigeria” The laws of the land are becoming more liberal
and investor friendly.”
He argued that 2015 was particularly a difficult year for local
manufacturers, “reason being that it is an election year and government
attention was majorly 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.”
Read more at: http://www.vanguardngr.com/2016/02/manufacturing-sector-to-grow-by-5-in-4-years-man/
Read more at: http://www.vanguardngr.com/2016/02/manufacturing-sector-to-grow-by-5-in-4-years-man/
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