MAN Urges Investment In Manufacturing Sector

The Manufacturers As
sociation of Nigeria (MAN) has called for massive investment in the manufacturing sector to take the sector to the next level.
Speaking to newsmen in Lagos on Monday, the association’s Chairman, Economic Policy Committee ( EPC) Mr Reginald Odiah, said the expected investment should come from two fronts.
Odiah explained that the investment will assist local investors to expand their existing businesses through the various policies of Central Bank of Nigeria (CBN) and Bank of Industry.
He said that MAN is collaborating with foreign investors who will want to take advantage of the new government policies and the nation investment climate to invest in the country, stressing that members of the association are ready to move into new areas of manufacturing through such partnership.
Odiah stressed that the country is full of business opportunities that investors can tap to offset the current economic crunch in the country.
He said MAN experienced 2015 as their most difficult year  due to the fact that government attention was not properly given to local manufacturers as a result of electioneering activities.
He urged government to give more focus to the manufacturing sector this year to improve the nation’s economy stressing that members of the association would work with government to boost the real sector-manufacturing and agriculture.
He added that the nation has a lot of unexploited business prospect ranging from solid minerals exploitation to agro-allied etc, to tap into, to create employment opportunities for Nigerians.