MAN Lambasts Imo Govt

President Manufacturers
Association of Nigeria, Dr. Frank S. Udemba Jacobs, has lambasted the government of Governor Rochas of Imo State for being insensitive to the request of MAN.
Jacobs made the statement at this year’s annual general meeting of Manufacturers Association of Nigeria (MAN) while reacting to question by one of the representatives of the government agencies on the issue of  level of synergy  existing between the state government and the Manufacturers Association of Nigeria.
He wondered why Imo State government should be stressing on industrialization of the state without giving audience to ‘MAN’ as a body in the manufacturing sector.
The occasion which was held at City Global Hotel, Owerri, attracted ‘who is who’ in the manufacturing sector.
According to ‘MAN’s President, his organization is faced with many challenges in the country in relation to the present dwindling economy.
He appealed to the Federal Government to reconsider her stringent measures against Nigerian Manufacturers on importation of certain items. Jacobs equally counselled his colleagues to strive towards imbibing the global manufacturing techniques to boost their economic strength.
In his own contribution, the newly elected chairman of Imo / Abia Manufacturers Association of Nigeria, Barr. Nwabueze Anyanwu, emphasized the need for government to partner with ‘MAN’ on its effort to actualize her dream of strengthening the economy through manufacturing.
The high point of the event was the delivering of a lecture with the topic: Effects of Monetary and Fiscal Policies on the Nigerian Manufacturing Sector. The Guest lecturer was Moses K. Tule- the Director Monetary Department of Central Bank of Nigeria, Abuja.
He dwelt on the importance of Fiscal and Monetary policies in the harmonization of macro economy and differentiated Fiscal Policy from Monetary Policy.
According to the lecture, fiscal policy involves taxation of citizens by the government to increase her financial base, while monetary policy centers on certain monetary measures applied by the government to reduce the volume of currency in circulation to prevent inflation.