Deji Alabi
The Manufacturers Association of Nigeria (MAN) has outlined its target for the New Year during which it hopes to increase the contribution of the manufacturing sector to the country’s Gross Domestic Product (GDP) above the current 8.84 per cent to 15 per cent.
MAN President, Engr. Mansur Ahmed who stated this in Lagos noted that National Bureau Of Statistics (NBS) statistics show the sector contributed 8.84 per cent to the GDP in the third quarter of 2018.
The President said that the Association would promote a more inclusive economy among all categories of companies in its membership through the establishment of structured and mutually beneficial linkages between the large corporations and small and medium industries to expand the scope of strategic partnership with relevant organisations within Nigeria, West Africa and the African continent.
“We want to substantially improve the manufacturing sector’s contribution to GDP to 15 per cent within the next two, three years,” he said.
He explained that efforts would be made to further influence the modulation of economic, industrial, trade and other policies that are germane to the survival of the manufacturing sector in Nigeria.
“We shall substantially improve the contribution of the manufacturing sector to the GDP from the current paltry 8.84 per cent; appreciably increase the capacity utilisation of member-companies by promoting policy consistency in a manner that the gains already made are not pulled back while ensuring the revival of sectors that are currently struggling,” the MAN boss said.
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