The Manufacturers Association of Nigeria is set to use its forthcoming 51st Annual General Meeting as a platform to examine what Nigeria needs to do to ensure that the nation’s manufacturing sector is competitive under the African Continental Free Trade Area scheme.
Speaking at a pre-AGM media briefing, in Lagos, on Wednesday, MAN President, Otunba Francis Meshioye, said that for Nigerian manufacturers to compete effectively there must be a concerted effort spearheaded by the government to tackle the binding constraints that limit local production, and aimed at attracting foreign investment.
“Currently, the cost of manufacturing is daily rising owing to scarce and unavailable manufacturing inputs that continue to shrink profitability and threaten the existence of the critical sector of the economy.