Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»MAN attributes low industrialisation to infrastructural challenges

    MAN attributes low industrialisation to infrastructural challenges

    Business Matters By Temitope N.Aug 29, 2021No Comments4 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    The Manufacturers Association of Nigeria (MAN) has decried the 10 per cent contribution of the manufacturing sector to the Gross Domestic Product (GDP), attributing the trend to low industrialization of the country.

    Manufacturers-Association-of-Nigeria
    Manufacturers-Association-of-Nigeria

    President of MAN, Ahmed Mansur, disclosed this at the 33rd yearly general meeting of the Anambra, Ebonyi and Enugu chapters of the association, held in Enugu at the weekend.

    He said the development was undesirable considering that manufacturing is the bedrock of any thriving economy and major provider of employment and economic growth.

    He appealed to the governments of Anambra, Ebonyi and Enugu states to support manufacturers by creating a more conducive environment for existing and prospective industries to thrive and contribute to economic growth.

    Mansur said there was an urgent need for state governments to establish a more effective and efficient consultative mechanism with manufacturers to facilitate the sustenance of existing industrial firms.

    “I am aware some of the operators are struggling under the weight of overwhelming infrastructural deficit, multiple taxation, power supply and other challenges”, he noted.

     

    In a lecture, Vice Chairman, MAN, for Anambra, Ebonyi and Enugu chapter, Lady Ada Chukwudozie, stated that manufacturers in the southeast region are disadvantaged and may not compete favourably with their counterparts in the Northern and Western regions as they have failed to benefit from certain policies of government like others.

    See also  Learning to take a better photograph is second only to learning a new language

     

    Chukwudozie, who is the Executive Director, Dozzy Oil and Gas limited pointed out that poor road network to link with other regions, rising insecurity, access to energy due to poor grid power and the absence of gas lines have seriously challenged manufacturing in the region, stressing that there was no way any company can survive with lack of basic infrastructure.

     

    Although she explained that the government had good intentions when it moved to diversify the economy from oil to gas with the Gas Master Plan, the idea, according to her had given more advantage to manufacturers in the Northern and Western parts of the country than those of the southeast region, making it difficult for them to compete effectively.

     

    She said the Nigeria Gas Master Plan, which was conceived to increase and improve local usage and feed gas-based industries among others, was yet to benefit manufacturers in the region, despite the huge deposits in the region.

    She decried that the government was spending huge sums of money to ensure that gas pipelines were laid for over 500 kilometres to other regions while neglecting manufacturing hubs such as Aba, Nnewi and Onitsha that would require a little amount to fix its pipeline.

    See also  I'm A Passionate Man - Conte

     

    Chukwuedozie, also noted that southeast had the least number of 330kv substations in the country, adding that “because of the transmission constraints, a manufacturer in the southeast is unable to enter into a bilateral power procurement with generating firms in the region”.

     

    On the rail line network, she explained that while attempts had been made to replace the narrow gauge with a standard gauge in the western part, the move to rehabilitate the narrow gauge on the eastern plank would create compatibility issues and difficulty for manufacturers.

     

    She suggested that to improve manufacturing in the southeast region, there must be stable electricity supply, the inclusion of the zone in the second phase of the national integrated power plant and connection into the national gas pipeline network to guarantee supply of gas to manufacturing facilities.

     

    Also speaking, Governor Willie Obiano, of Anambra state, who was represented by his Deputy, Dr Nkem Okeke, suggested more interaction and cooperation among the governors of the zone to overcome manufacturing challenges in the region. He stated that with good policies and focused attention, the zone can overcome her challenges.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Man
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Five Ways To Analyze The Forex Market

    Dec 22, 2022

    Why FG is investigating Mikano, Jubali Brothers, JMG over generator importation

    Dec 15, 2022

    Don’t Cry When The Man You Cheated With Cheats On You – Alex Unusual

    Nov 9, 2022

    My Wife Has Made Me A Better Man – Daniel Etim Effiong

    Nov 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 93
    • Instagram
    • YouTube
    Latest Posts

    Banks Don’t Have New Naira, Money Changers Are Taking Advantage – Whitemoney

    Jan 31, 2023

    Robertson Is Right To Say Liverpool’s Struggles Keep Getting Worse – Richard Keys

    Jan 31, 2023

    Secure Yourself As A Nigerian, Security Agencies Won’t – Leo DaSilva

    Jan 31, 2023

    Naby Keita And Oxlade-Chamberlain Don’t Deserve New Contracts – Dietmar Hamann

    Jan 31, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Do Not Write About Me – Burna Boy

    Jul 1, 2016

    I’m Grateful For The Love And Support Coming My Way – Saka

    Jul 15, 2021

    Naija Actress Genevieve Nnaji Gives Wierd Love Advice

    Nov 7, 2015

    Sao Tome and Principe National Day – 2013

    Dec 17, 2013

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?