The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has acknowledged the ‘potency; of the Accelerated Stabilisation and Advancement Plan (ASAP) of the Bola Tinubu-led administration.
He said the plan epitomises “The end product of a collective thinking of the government and relevant stakeholders in the private sector.”
He commended the president for tasking the Economic Management Team Task Force to come out with the plan and the inauguration of the Presidential Economic Coordinating Council to superintend its implementation.
He however admonished that a plan in itself, does not deliver as it “Requires diligent, unrelenting and focused implementation to achieve the desired objectives.”
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He declared that “Mr. President should give specific directives to the relevant government MDAs to attract investment into the manufacturing sector, period!”
“The “flight by night” foreign investors will not achieve the level of progress we seek, need and deserve.”
Ajayi-Kadir posited that while the recent commitment of Coca-Cola to investing $1billion in the Nigerian economy “Is a promising sign and an expression of confidence in the Tinubu administration’s ASSP, full and timely implementation is key to unlocking its full potential.”
He added that sustained growth and investor confidence depend on the complete rollout of the plan.
“The early results of this plan are encouraging, but its full execution is crucial to ensure lasting economic growth,” Ajayi-Kadir stated.
Ajayi-Kadir also urged the government to remain steadfast in its efforts, stressing that only with full implementation of ASSP and complementary policies can Nigeria truly realise the full potentials of existing investors.
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