Lagos - The Manufacturers Association of
Nigeria (MAN) is upbeat at the industry’s prospects for growth.
Reginald Odiah, Chairman Economic Policy Committee (EPC)
of the organisation, said MAN’s vision was to see Nigerian manufacturing sector
grow 5 percent per annum for the next four years.
“The expected investment will come from two fronts –
internally from local investors who will take advantage of new government
policies and support via the Central Bank of Nigeria and Bank of Industry to
expand their existing businesses and move into new areas of manufacturing.
“And then foreign investors who will want to take
advantage of the new government policies and the investment climate,” said
Also Read: Nigeria manufacturing sector under spotlight
He was speaking ahead of the MAN Expo scheduled for Lagos
from March 15-17.
It will be launched in response to the government’s
commitment to industrialisation and Nigeria’s need to diversify.
The event is enjoying important industry support,
including the MAN, which are Event Patrons, the Federal Ministry of Industry,
Trade an Investment of Nigeria are Host Ministry and the Lagos Chamber of
Commerce an Industry are the Host Chamber.
Dozens of leading international manufacturing
equipment suppliers have already signed up for what is regarded as a long
overdue gathering of the manufacturing industry.
- CAJ News