Home NewsBusiness Manufacturing Contribute Less Than 10% GDP:Can Be The Highest And Fastest Ways To Create Employment And Reduce Crime In Nigeria– M.A.N

Manufacturing Contribute Less Than 10% GDP:Can Be The Highest And Fastest Ways To Create Employment And Reduce Crime In Nigeria– M.A.N

by Anita Ogona

The Manufacturers Association of Nigeria (M.A.N) has expressed worry over the low level of industrialization in Nigeria which currently contribute less than 10% GDP to the country fortunes.

The president of the manufacturers Association of Nigeria Engr Ahmed Mansur stated this in his speech at the 35TH AGM of M.A.N with the Theme ‘’ Redeeming Our Economic Potentials Through Manufacturing’’  said the reason for the sad situation is the abject failures of our economic managers to structure our economy  in a manner that will ensemble us to exploit our vast  resources and to create wealth, provide employment for our teeming population and produce the goods and services necessary to create a healthy, secure and prosperous society.

He said though it’s the duty of Federal and State Government to create employment but that providing appropriate incentives and infrastructure will encourage investors create jobs because it’s clear that Manufacturing Sector is known to be the highest contributor to job and wealth creation.

Engr Mansur also highlighted on the needs for manufacturers to work closely with government to resuscitate manufacturing companies that are on the verge of collapsing due to heavy financial and infrastructural challenges.

Mansur added that the Association after its last quarter meeting came up with a 4 years’ transformation map that will chart the growth pathways in government relations engagement with the external and internal productivity.

They include:

Expanding the scope of and Rotation of the hosting of the national Council meeting.

Engagement of experts to support Economics/Statistics and corporate affairs department and hosting of periodic summits/dialogue sessions.

Improve capacity building and introduction of performance management process

Upgrade of MAN website and installation video conferencing facilities and integration of 16 branches of MAN to the platform

Engagement with External Agencies and institutions.

Engagement of Legislative arms of government

Also speaking at the event the Rivers/Bayelsa chairman of MAN. Senator ADAWARI MICHEAL PEPPLE in his opening address said the manufacturing sector in many countries is in a state of transition, growing in Emerging Economies, shrinking but becoming more productive in advanced economies.

He said to ignore the roles of manufacturing in Nigeria as a Tool for Redeeming our Economic potentials would be at our own Perils

Senator PEPPLE boosted that its branch of MAN has succeeded in reduction in the harassment of members by Tax agents and consultants and multiple Taxation through advocacy, increased visibility of the association in the state as a leading member of OPS

He said the branch took the initiative to put up the 4th MADE IN NIGERIA GOODS Exhibition as parts of its efforts to encourage Made and promote Nigeria products. He said if these home made products are patronized by government at State and federal levels will grow the economy Faster than buying foreign products because there will be ripple effect of job creation and increased value chain which will in turn stimulate the economy.

‘’I appeal to state and Federal government to make it a policy to buy Nigeria and grow the Industries, the Economy and indeed the Naira he added.

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