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Recession: MAN Offers Panacea For Growth
The Manufacturers Association of Nigeria (MAN) has advised the Federal Government to reposition the manufacturing sector to improve on the current economic situation.
MAN President, Mr Frank Jacobs, gave the advice in an interview with newsmen in Abuja, yesterday.
Jacobs was reacting to the recent statistics on inflation released by the National Bureau of Statistics (NBS) that put the rate of inflation in the country at 17.1 per cent in July.
According to Jacobs, “An inflation rate of 17.1 per cent, as reported by the National Bureau of Statistics, is severely harmful to the economy.
“It is significantly responsible for the rolling contraction in Nigeria’s output since the first quarter of 2016 when the economy grew by -0.36 per cent and in the second quarter by -2.06 per cent.
“Over the period mentioned above, the cost of raw materials and manufacturing inputs had risen while capacity utilisation declined,” he said.
According to him, working capital in the sector has increased beyond the norm.
Jacobs said the aggregate consumption of household goods had fallen due to high inflation that had reduced significantly the real family income.
The president said issues like: unemployment, wealth creation and internally generated revenue would be tackled if government could reposition the industrial/manufacturing sector through viable policies.
“The diversification of the economy cannot be truly achieved if the manufacturing sector is neglected,” Jacobs added.
He urged government to implement its resource-based industrialisation and backward integration policies in developing key mineral resources.
Jacobs said this should include those with high inter-industry linkage such as: iron ore, zinc-led, bitumen, limestone and coal.
He said policies geared toward backward integration in the agricultural sector would serve as catalyst to the provision of food for Nigerians and industrial input for the manufacturing sector.
The MAN president explained that the deregulation of the downstream petroleum sector should be pursued vigorously to encourage private investment in domestic refining and petrochemical industry.
Jacobs said the current special foreign exchange window created by the Central Bank of Nigeria (CBN) for importation of industrial raw-materials and machinery should be well managed and transparently too.
“At this period that the economy has gone into full recession, government must address the real issues that led to the inflation and adopt economic policies that will mitigate the situation.
“For instance, in the short term, funds should be made available to the manufacturing sector at five per cent interest rate.
“Also, the 41 items of raw materials that were excluded from the foreign exchange market by the CBN should be reviewed, especially, now that the country operates a flexible foreign exchange regime.’’
He advocated adequate and sound support infrastructure that would encourage more domestic production in terms of volume of output and cost effectiveness.
“Government can address the infrastructure gap by domiciling gas price in naira for manufacturing industries as against the current dollarization so as to boost electricity self-generation by industries.’’
He said the government should take a second look at the electricity privatisation as the current operators seemed to be confused and lacked the capacity to achieve the desired results.
“The infrastructure gap can be addressed by encouraging strong Public Private Partnership (PPP) in rail transportation and rehabilitation of existing roads and construction of new ones that would open up the country in terms of movement of goods.
“If these issues are sufficiently addressed, domestic commodity production will be boosted and this would lead to increased foreign commodity substitution.
“The result will be a gradual receding of inflation rate from the current 17.1 per cent to a desired level where the economy will be stable,’’ Jacobs said.
News
JAMB Uncovers 9,469 Fake Admissions In 20 Tertiary Institutions

No fewer than 9,469 admissions across 20 tertiary institutions nationwide have been flagged as fake by the Joint Admissions and Matriculation Board (JAMB) for the 2024 academic session.
According to the board, the admissions were conducted outside the popular Central Admission Processing System, popularly known as CAPS.
According to the list obtained from JAMB, Kano State University of Science and Technology led the pack with 2,215 fake admissions, with Ladoke Akintola University of Technology following with 1,215.
Others are Gombe state University, 1,164; Emmanuel Alayande University of Education, 761; Federal University of Technology, Owerri, 534; Ambrose Alli University, 514; Igbinedion University, 365; Akwa-Ibom Polytechnic, 340 and College of Nursing, National Orthopedic Hospital, Igbobi, 281.
Also on the list are Achievers University, 267; Nigeria Police Academy, 263; Abia State Polytechnic, 256; Osun State University, 224; Federal University, Lafia, 189; Niger State Polytechnic, 182; Federal Polytechnic, Ida, 171 and Edo State Polytechnic,166.
Others are Anchor University, 133; Michael and Cecilia Ibru University, 116 and the Federal College of Animal Health and Production Technology, 113.
CAPS was introduced to enhance transparency and efficiency, and serves as an online platform where prospective university students can monitor and manage their admission status.
By centralising the admission process, JAMB CAPS ensures that all candidates are given fair consideration based on merit and institutional requirements.
The primary purpose of JAMB CAPS is to streamline the admission process into tertiary institutions across Nigeria. It achieves this by ensuring transparency as candidates can easily track their admission status, and guarantees that all applicants are evaluated based on consistent criteria.
The system also enhances efficiency as institutions can process admissions swiftly, and candidates receive timely updates on their application status.
The board has, over time, warned institutions against backdoor admissions offered to candidates outside CAPS, as candidates offered admission outside CAPS were barred from the mandatory National Youth Service Corps scheme.
Recall that the Minister of Education, Dr Tunji Alausa, reiterated a directive in Abuja at the 2025 policy meeting of JAMB last week, declaring all admissions conducted outside JAMB as illegal.
He said institutions and individuals involved in such practices would be prosecuted and severely sanctioned.
“Any admission conducted outside CAPS, regardless of its intentions, is illegal.
“Both institutions and the candidates involved in such practices will be held accountable.
“Sanctions may include withdrawal of institutional assets and prosecution of culpable officers or governing council members,” he said.
News
NOA Set To Unveil National Values Charter — D-G
The National Orientation Agency (NOA) says it will soon unveil a National Values Charter (NVC) to serve as a social contract between the Nigerian government and its citizens.
The Director-General of the agency, Malam Lanre Issa-Onilu, disclosed this in Abuja, yesterday at a one-day workshop on “Civic Responsibility and National Values for Voluntary Organisations”.
Issa-Onilu was represented by Dr Olukemi Afolayan, Director of Civic Values and Democratic Education at the agency.
He said that the charter would articulate the responsibilities of both the government and citizens towards nation-building.
“We are at a pivotal moment as a country.
“The challenges facing Nigeria range from insecurity, corruption, poor civic engagement, moral decay, and apathy in democratic processes.
“These require, not just governmental intervention, but active citizen participation,”he said.
He said that voluntary organisations had historically played key roles in moral reawakening, youth mobilisation and community development, dating back to the colonial period.
According to him, the NOA under the current leadership, has intensified efforts to fulfill its core mandate of value reorientation.
He said that the agency did that with the launch of several campaigns, including the National Identity Project approved by the Federal Executive Council in 2024.
“President, Bola Tinubu, is expected to formally unveil the National Values Charter.
“It defines the ‘Nigerian Promise’, the government’s commitment to equality, democracy, entrepreneurship, peace, inclusivity, freedom and meritocracy,” he said.
The NOA D-G said that the Charter would also highlight a ‘Citizen’s Code’ calling on Nigerians to embrace discipline, duty of care, tolerance, leadership, accountability, environmental awareness and resilience.
He urged voluntary organisations to support the campaign and serve as role models in their communities to promote patriotism and public trust.
Also speaking, Mrs Rhoda Sadus, Deputy Director of Civic Values and Democracy at NOA, said that the Charter was a critical component of a broader National Identity Project aimed at global reputational management.
“This is the first time any Nigerian organisation is targeting global reputational management through strategic media engagement, including broadcasts on international channels like CNN,” she said.
Sadus said that NOA was engaging Nigerians in the diaspora and working closely with other agencies, including the Nigerians in Diaspora Commission (NIDCOM), to promote a unified national identity.
“When the Director-General assumed office, he emphasised the need for Nigeria to define and project its identity.
“The National Values Charter was conceived to outline the responsibilities of both the government and the citizens, a departure from past initiatives that only targeted citizens,” she added.
She said that the agency would soon begin training public office holders on national values as part of the post-appointment orientation process.
“We believe that when both the government and the people fulfill their obligations, national development will follow,” she said.
In his remarks, Dr Mohammed Dambo, Commander of the FCT Man ‘O’ War, said the initiative offered an opportunity for Nigerians to unite under a common agenda for national progress.
“If America became what it is today through collective agreement and commitment, Nigeria can do the same.
“We need to stop gaslighting our leaders and start promoting a culture of excellence, patriotism and civic responsibility.”
He called for the values to be transferred to the younger generation as part of efforts to restore hope and pride in the country.
The Tide source reports that the workshop attracted the presence of representatives form Boys Scout Association of Nigeria, Girls Guide Association of Nigeria and Man O’ War Nigeria.
Others were Red Cross Society of Nigeria, Boys Brigade Nigeria, National Cadet Corps (School-Based) and War Against Indiscipline (WAI) Brigade.
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