The Manufacturers Association of Nigeria (MAN) has urged President Bola Tinubu to purchase the 3000 vehicles he promised from local manufacturers to boost production in the country.
In a statement by its Director General, Segun Ajayi-Kadir, MAN said the 3000 units of 20-seater buses promised to be procured from indigenous automobile industries which would serve as a golden opportunity for the federal government to demonstrate unfailing commitment to the implementation of Executive Order 003.
The statement, which was a reaction to the presidential address on Monday, said it demonstrated an appreciation of the downside of the recent economic policy measures taken by the new administration.
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Ajayi, while stating that the fuel subsidy was unsustainable and multiple exchange rates was inimical to the growth of the economy, said the president’s intervention to the medium and small-scale industries needed to be diligently monitored to be effective.
