The Minister of Trade and Investment, Otunba Niyi Adebayo, has said that Nigeria needs to support non-oil exports to boost the economy with an estimated size of $420bn.
“As the largest economy in Africa, Nigeria’s contribution to the AfCFTA is pivotal to its success. I am pleased at how aggressively MANEG have taken the challenge of
making AfCFTA work for Nigeria through the development of Nexportrade. MANEG’S creation of a secure platform that is helping to boost trade relations with African Nations and the launch of the showroom in Lome is truly an innovative step in the right direction. I commend all of those involved.” On his part, the President of the Manufacturers Association of Nigeria, Ahmed Mansur, who was represented by the Director-General of the association, Segun Ajayi-Kadir, called for an immediate policy redirection by the Federal Government to address the numerous barriers confronting manufacturers, especially the exporters.
The Chairman of the Manufacturers Association of Nigeria Export Promotion Group, Ede Dafinone, noted that since the pandemic, exporters had struggled with reduced international demands, coupled with domestic economic challenges such as high and increasing exchange rates, high cost of energy, multiple levies and taxes, port congestion, unending Apapa gridlock, infrastructural deficiencies and smuggling, causing untold constraints on manufacturing operations.
The AGM also featured a keynote presentation by an Associate-Professor at the Pan-Atlantic University, Olalekan Aworinde.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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