Business
MAN Moves To Improve Value Chain For Manufacturers
The Manufacturers Association of Nigeria (MAN) yesterday unveiled plans to support the improvement of value chain in the manufacturing sector to enhance competitiveness and promote job creation.
The President of MAN, Mr Mansur Ahmed, made this known in Lagos at a news conference organised by the association to announce its 47th Annual General Meeting.
The event tagged: “Improving Value Chain in the Manufacturing Sector for Competitiveness and Job Creation’’, will hold from September 2 to September 4, in Lagos.
Ahmed in his address, explained that the event was aimed at highlighting the significance of improved manufacturing value chain linkages in the efforts to make the sector more competitive.
He noted that it would also contribute more to the Gross Domestic Product (GDP) and create more jobs for Nigerians.
The MAN boss urged the government to give clarification on which foods were banned for importation.
“We believe that why there is need to start using local inputs, it cannot happen overnight,’’ Ahmed said.
He noted that both the small and medium scale enterprises and larger manufacturers need importation of products for their inputs in production.
According to him, denying them foreign exchange will affect competitiveness of the industry.
“One of the problems is that manufacturers have to import their products and when they stop foreign exchange supply to them, that will immediately affect their operations.
“It will also affect the cost of their production and possibly the price of the products,’’ Ahmed said.
Ahmed further pledged the association’s support in reaching out to relevant ministries and security agencies to work together for the improvement of the agency.
“We are working with Raw Material Research and Development Council on how we can improve linkages between sub-sectors so that more manufacturers can use local products that can improve their efficiency and improve cost structure.
“We pray that the action that is meant to improve our security does not also, on the other hand, undermine the effectiveness of our manufacturing sector; thereby increasing prices of food in the market,” he said.
He urged Nigerians to support the growth of the manufacturing industry by patronising made-in-Nigeria products.
Business
RIVERS NUJ BACKS BONNY TOURISM, TASKS MEDIA ON DEVELOPMENT REPORTING
Business
Jonathan, Diri, Others Laud Firm’s Milestone in Bayelsa …Says Project Will Drive Industrialisation, Create Jobs
Business
AKG To Purchase More Aircraft —-Targets 10 Fleets this Year
-
News4 days agoRSG Targets Nine Million Residents in Mosquito Net Distribution Campaign
-
Oil & Energy4 days agoAiyedatiwa Signs New Electricity Bill
-
Oil & Energy4 days agoNLNG Commissions Research And Innovation Centre In RSU
-
Maritime4 days agoMarine Minister Commends President Tinubu On NPERA Bill Assent
-
News4 days agoKenPoly Holds Eight Convocations, August 29
-
News4 days agoRMAFC Completes Revenue Sharing Review, Proposes New Pay
-
News4 days agoRSG Begins Another Phase of Projects Commissioning Today
-
Maritime4 days agoNAGAFF Petitions IGP Over Alleged Maritime Police Harassment
