What does it take to increase Nigeria’s local production?
“Encouraging the development and growth of the manufacturing sector is the surest way to diversify the economy as the sector is essential to job creation, sustained growth and development of other key sectors such as agriculture, solid minerals among others,” says the president of the Manufacturers’ Assocation of Nigeria (MAN), Dr. Frank Jacobs, who will chair the Manufacturing Partnerships for African Development (mPAD) round table discussions at the Nigeria Manufacturing Expo on the 21 – 23 November 2023 in Lagos. Nigeria, one of the forerunners in Africa, has now focused its efforts on expanding the manufacturing sector by implementing the Nigerian Industrial Revolution Plan, which is facilitating investment and growth within the sector. It is addressing concerns such as energy shortages, high interest rates and transport issues. In his recent statement at the 43rd Annual General Meeting (AGM) of MAN in Lagos, Nigerian Vice President, Yemi Osibajo, said: “We are creating an enabling environment for things to fall in shape. We believe the manufacturing sector is key to attaining our set objectives as government to create job opportunities for our youths. There is no way we can achieve economic growth without diversifying our economy through agriculture value chain, mining, oil and gas and the likes, but the missing link is the manufacturing sector,”
Read more at Agro Nigeria: mPAD & Nigeria Manufacturing Expo – Where Nigerian Manufacturing Future Will Be Shaped https://agronigeria.ng/?p=8044