MAN Urges Federal Govt To Set Up Fund For Manufacturing Sector
The Manufacturers Association of Nigeria (MAN), has continued in its call on the federal government to set up a fund for the manufacturing sector in the country.
MAN’s national president, Otunba Francis Meshioye, reiterated the call in Port Harcourt while speaking at the end of a two-day conference and exhibition, organised by the Rivers/Bayelsa States chapter of the association.
Meshioye hinted that the funding of manufacturing as key and urged the government not to focus on the oil and gas sector alone.
On his part, the head, Corporate Communications, Indorama Group, Dr. Josey Nkwocha, lamented that the people of the Niger Delta region have the resources but do not know how to use them.
In Nkwocha words: “We have the resources but do not know how to use them. See examples that Niger Delta can be the hub. Indorama produces polymer but almost all of it goes outside for processing. GP tanks, seats, pipes, etc but how many are produced here.
“Indorama produces three metric tonnes of urea but all of it goes to the north who now sends us rice, cucumber, yam, etc. Many southerners do not want to use fertiliser but eat what is produced with fertiliser from other countries and regions. We must learn to maximise our comparative advantage.”
Accordingly, Nkwocha tasked the state governments in the South-South geopolitical zone to set up investment promotion agencies to promote investments in their respective states.
