Nigerian Manufacturers Demand Review Of Govt. Policies

The President of the Manufacturers Association of Nigeria, Mr Frank Udemba, has expressed concerns about some government policies which he says may hinder the development of the economy.

He said this at the Presidential Villa where government officials, manufacturers and members of the private sector met to discuss issues on how best to make the economy work in the interest of ordinary Nigerians.

Speaking the mind of most businessmen and women in the hall, Mr Udemba listed the Central Bank’s policy on foreign exchange, lack of access to long-term funding, multiple levies by government agencies and lack of infrastructure as some of the areas the federal government needs to revisit in its efforts to get the nation out of economic recession.

He, however, commended the government for its giant strides in ensuring adequate security across the country.

The Minister of Budget and National Planning, Udo Udoma, and the Minister of Finance, Kemi Adeosun also provided the perspectives from their ministries, providing explanations on the concerns raised.

Vice President Yemi Osinbajo was also present at the meeting and he explained why the meeting was necessary.

He highlighted the need to get the private sector fully involved in the effort to revive Nigeria’s economy as manufacturing remains a major area the country must develop.

It was the second time the Vice President would be holding the quarterly business forum.

Source: Channels

2 thoughts on “Nigerian Manufacturers Demand Review Of Govt. Policies”

  1. If manufacturing remains a major area Nigeria must develop to revive her economy, then Nigeria must invest heavily in technical education. There are too many secondary schools in the country. If Nigeria has half the number of secondary as technical schools Nigeria certainly will be a different place. Believe it or not no country can survive without technology.

    • @ Daviv foss, I owe you one bag of pure water; please call to get the address. lol
      Honestly speaking your comment was very thoughtful! You are very correct! I hope our Government officials can read this post.
      Thanks once again Daviv; I love to read more of your comments in the future.
      Thanks for visiting Earn Base


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