Business
MAN Charges FG On Technology Transfer

The Manufacturers Asso
ciation of Nigeria (MAN) has advised the federal government to compel foreign investors to transfer technology to Nigerians working with them.
MAN’s President Mr Frank Jacobs, told newsmen in Lagos on Thursday that a way to address the shortage of expertise in Nigeria was to partner with foreign investors to get the latest technology.
He expressed regret that the manufacturing sector’s contribution to the Gross Domestic Product (GDP) was still very low at four per cent.
Jacobs said that Nigeria needed more of technological advancement to build the capacity of the major sectors of the economy.
“With all these conferences we are holding, we need to know what we really need and I think one of them is technology.
“We need to partner more on the area of technology transfer than just companies and organisations coming to sign agreements and trade partnerships.
“Nigeria has all the resources to sell to the world, yet we rank as one of the top consumers of both domestic and industrial goods in which we can produce and export as well.
“We are one of the top producers of yam, cassava, timber and so on in the world, yet we still heavily import up to 90 per cent of finished products from these commodities. “This is because we lack the latest technology.
“It is time for the government to question foreign investors now on what could be offered to meet our needs in any further or ongoing trade agreement that the nation is into.”
Jacobs decried the high cost of conducting research and importing technology from the developed world to farmers and manufacturers.
According to him, this is the reason why most small and medium enterprises in these sectors find it difficult to expand their businesses.
Our correspondent recalls that Dr John Isemede, a former Director General of NACCIMA, recently said that Nigeria was gaining nothing from most of its trade agreements.
According to him, this is due to its low capacity to export to partner nations.
Oluwatoyin Onigbanjo
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