The nation’s dream of being an industrialised nation may remain an illusion until some constraints affecting the ease of doing business in the country are resolved, the Manufacturers Association of Nigeria (MAN) has stated.
The President of the association, Otunba Francis Meshioye, made the remarks in Lagos in his welcome address at the ongoing 2023 edition of the Nigeria Manufacturing and Equipment Expo (NME) and the 9th Nigeria Raw Materials Expo, organised by the association in partnership with the Raw Materials Development and Research Council (RMDRC).
Otunba Meshioye identified one of such inhibitions as energy inadequacy and inefficiency, which manufacturing and all industrial and commercial businesses in the country have continued to grapple with in recent times.
While calling for sustained efforts at bringing about significant improvement in the quantum, quality, and consistent supply of electricity, the MAN boss urged the Honourable Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, to establish a synergy between the Ministry’s trade and industrial policies, since both industry and trade are under the same portfolio.
He also called for a new industrial policy for the country that would engender growth and development in the sector.
The MAN boss explained that the annual NIRAM Expo, a collaborative effort between his association and the Raw Materials Research and Development Council (RMRDC), is aimed at creating a platform where stakeholders in the raw materials supply chain could come together to synergize, display, and trade in available resources and raw materials with the users of these products.
Commending the association and RMRDC for coming up with the annual initiative, the Industry, Trade, and Investment Minister assured the association of the ministry’s commitment to supporting the nation’s manufacturing since the sector remains a critical driver of economic development.
The minister noted that since the future of manufacturing in Nigeria lies in the sector’s ability to embrace technology, stakeholders must therefore leverage emerging trends such as artificial intelligence, automation, robotics, and the Internet of Things (IoT) to enhance their processes, improve efficiency, and drive productivity.
“By adopting these cutting-edge technologies, we can boost the competitiveness of our local manufacturers and position Nigeria as a global manufacturing hub,” she stated.
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