THE POSITION OF THE MANUFACTURERS ASSOCIATION OF NIGERIA ON CBN INTERVENTION FUND TO MANUFACTURERS AND POLICY ON FOREX SQUEEZE

 

The inclement macroeconomic environment in Nigeria has constrained the performance of the manufacturing sector. Particularly, with the triadic rates: high and rising inflation rate, double digit lending rate and unfavourable exchange rate parity. The regulatory environment is harsh and induces high business operating cost in the economy. There is also infrastructure deficit which our businesses contend with.

AFRICAN BUSINESS LEADERS REECHO COMMITMENT FOR SUCCESSFUL CONTINENTAL TRADE ENGAGEMENT

To commemorate the implementation phase of the African Continental Free Trade Area, the Africa Business Council in collaboration with the Federation of Egyptian Industries (FEI), Arab Organization of Industries (AOI), PAFTRAC, AeTrade Group, PAMA, CBC, FEWASSI, PACCI, EACCIA and African Alliance for Women Empowerment with AfreximBank held a torch lighting event to mark the operationalization of Agreement.


The event which sought to stir the consciousness of stakeholders on th...

THE POSITION OF THE MANUFACTURERS ASSOCIATION OF NIGERIA ON THE RECENT INCREASE IN ELECTRICITY TARIFF

INTRODUCTION

The Manufacturers Association of Nigeria (MAN) represents the interests of over 3,000 manufacturers (small; medium; large and multinational industries) spread across 10 sectors, 76 sub-sectors and 16 industrial zones. Manufacturers are heavy users of electricity in Nigeria and this necessitated the Association’s keen interest in all electricity related discourse and development, particularly electricity supply and tariff.  The manufacturing sector employs ove...

MAN POSITION ON THE REOPENING OF LAND BORDER CLOSURE

 

The Manufacturers Association of Nigeria wishes to commend the Federal Government on the various initiatives and policies, especially the economic sustainability plan introduced in a bid to ensure that the nation’s economy recovers swiftly from the global economic distress aggravated by COVID-19 pandemic.

MAN wishes to strongly recommend that the prevailing situation with regard to the closure of Nigeria’s land borders should be reconsid...

AFRIEXIM ADJUSTMENT FACILITY

Dear Members,

You may recall that the President of Afreximbank, Prof. Benedict Oramah at the 47th Annual General Meeting of MAN announced a $500 million Adjustment Facility to aid manufacturers overcome any adverse effect that may pose a challenge to their businesses in the course of the implementation of the AfCFTA agreement starting in January 2021. MAN has extensively engaged the Bank which snowballed into the recent workshop co-organized by Afreximbank and MAN to sensitize membe...

MAN PRESS CONFERENCE ON THE STATE OF THE NIGERIA MANUFACTURING SECTOR

Introduction & Pleasantries 
Distinguished members, Gentlemen of the Press, Ladies and Gentlemen, I welcome you to this Press Conference organized as part of activities of the 48th Annual General Meeting of the Manufacturers Association of Nigeria. 
 
Opening remarks
This year marks a turning point not only in the economy but also in the day to day activities in our respective lives. As you already know,  countr...

THE POSITION OF THE MANUFACTURERS ASSOCIATION OF NIGERIA (MAN) ON THE PROPOSED INCREASE IN ELECTRICITY TARIFF BY THE NIGERIAN ELECTRICITY REGULATORY COMMISSION (NERC)

1.0       Introduction

1.1       The leadership of the Manufacturers Association of Nigeria (MAN) appreciates the long-standing relationship between the Association and the Nigerian Electricity Regulatory Commission (NERC).  The Association commends NERC for the sustained efforts at driving electricity supply to the benefit of the country as a wh...

POSITION OF THE MANUFACTURERS ASSOCIATION OF NIGERIA ON THE COVID-19 PANDEMIC

The World Health Organization (WHO) on January 30, 2020 declared the outbreak of Coronavirus otherwise known as COVID-19 a Public Health Emergency of International Concern. Since then, it becomes imperative for stringent actions to be taken by the World and indeed, Nigeria to help its citizens adjust and cope with the pandemic.

As the voice of manufacturers interest in Nigeria, the Manufacturers Association of Nigeria recognizes the effort of Government from the point Nigeria record...

WELCOME ADDRESS BY ENGR MANSUR AHMED, PRESIDENT, MANUFACTURERS ASSOCIATION OF NIGERIA (MAN) AT THE 2020 MAN ANNUAL MEDIA LUNCHEON HELD ON THURSDAY FEBRUARY 6, 2020 AT MAN HOUSE, 77, OBAFEMI AWOLOWO WAY, IKEJA, LAGOS.

Gentlemen of the Press,

On behalf of the National Council of the Manufacturers Association of Nigeria (MAN), I am pleased to welcome you to the 2020 Edition of the MAN Annual Media Luncheon/ MAN Reporter of the year Award Ceremony.

Let me start by expressing my heartfelt appreciation towards your outstanding performance in projecting MAN advocacy activities on your diverse media platforms in the course of year 2019. As a Business Membership Organization, we certainly hold ...

MAN PRESIDENT TO REPRESENT THE ORGANISED PRIVATE SECTOR ON THE BOARD OF TRUSTEES OF POLICE TRUST FUND

President of Nigeria, H.E Muhammadu Buhari has appointed Engr Mansur Ahmed, President of the Manufacturers Association of Nigeria as member Board of Trustees of the Nigeria Police Trust Fund to represent the Private Sector under the chairmanship of retired inspector-general of police, Barrister Suleiman Abba, CFR, Mni, in pursuant to the Nigeria Police Trust Fund Establishment Act 2019.

The presidency revealed that the appointments came  in furtherance to the Buhari administrat...

IATF2020 Postponed due to COVID-19

In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone by one year the second Intra-African Trade Fair (IATF2020) initially set to take place from 1 to 7 September 2020 in Kigali, Rwanda.

This decision was endorsed by the IATF2020 Advisory Council during its sixth meeting held virtually on 26 April 2020, after careful assessment of the situation.

Organised by Afreximbank ...