Press Release

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...