The Manufacturers Association of Nigeria (MAN) is set to convene its 52nd Annual General Meeting (AGM) from October 22 to October 24, 2024, at the Lagos Oriental Hotel, Victoria Island, Lagos. The theme for this year’s AGM is “The Imperatives of an Intentional Development of the Nigerian Manufacturing Sector.”
The AGM aims to address the numerous constraints that are hampering the growth and competitiveness of Nigeria’s manufacturing sector. MAN President Otunba Francis Meshioye expressed concerns about the high and rising costs of operation, which are shrinking profitability and threatening the survival of many businesses within the sector. He emphasized that the manufacturing sector, which is crucial for job creation and productivity, is facing a range of challenges that hinder its contribution to the nation’s Gross Domestic Product (GDP).
Meshioye stressed the urgency of tackling these constraints to enhance the competitiveness of local products. He warned that without immediate action, the Nigerian economy may continue to decline, lacking a clear path to recovery.
He reaffirmed MAN’s commitment to collaborating with the government to present policy inputs and develop innovative solutions aimed at revitalizing the economy. Meshioye stated, “We shall continue to partner with governments with a view to co-creating innovative solutions that will free the Nigerian economy from its lackluster performance and place it on the path of productivity, sustainable growth, and development.”
The upcoming AGM will provide a platform for stakeholders to discuss these critical issues and explore strategies for fostering a more robust and competitive manufacturing sector in Nigeria.