‘Why FG should focus on commodity export drive’

An economic expert and former chairman of Manufacturers Association of Nigeria (MAN), Ikeja branch, Lagos, Mazi Sam Ohuabunwa, has advised the federal government to formulate policies that are capable of promoting manufacturing and export.

Ohuabunwa also tasked the members of MAN to be export-focused for the country to be able to recover quickly from the prevailing recession.

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Ohuabunwa gave this advice during the virtual Annual General Meeting of Apapa branch of MAN in Lagos.

“Many companies have shut their doors and many others are gasping for breath. Many people have lost their jobs, and many have been pushed into poverty,” he said.

The chairman of MAN – Apapa branch, Engr. Frank Onyebu, said the world has adjusted to the new normal, stressing that MAN is not lagging behind.

“The manufacturing sector, particularly, will need to think out of the box in order to survive the expected competition from the imminent ratification of the African Continental Free Trade Agreement (AfCFTA).”