NIGERIA ECONOMY CRIPPLING DOWN

Meanwhile, the leadership of the Manufacturing Association of Nigeria has, again, lamented the lack of access to foreign exchange, which it says is crippling the country’s economy in addition to growing insecurity and complexities in the clearing of goods at the ports.

It also identified limited prospects for ease of doing business as another key impediment for the manufacturing sector in the country.

Mansur Ahmed, National president of MAN, brought these issues to the fore at the 15th Annual General Meeting of the Cross River/Akwa Ibom State branch of the association held in Uyo.

He also called on the Federal Government to “make favourable and implementable economic policies that will encourage and promote manufacturing in the country.”

According to him, the Federal Government through a deliberate policy should encourage the “consumption of Made-in-Nigeria goods and services at the lowest cost in order to gr

He further disclosed that Nigerians should leverage on the vast amount of natural resources in the country and exploit them to balance and eliminate  importation.

However Muda Yusuf chief executive officer of the Centre for Promotion of Private Enterprise explained the process.