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Nigerian Companies Are Neither Shutting Down Nor Relocating Says MAN

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The Manufacturers Association of Nigeria (MAN) says contrary to misconceptions in certain quarters, Nigerian companies are neither shutting down nor relocating from the country.

MAN President, Mr Mansur Ahmed, made the assertion on Monday in a Lagos while speaking on the side-line of the opening of the association’s annual Made-in-Nigeria exhibition.

Ahmed stated that rather than the misconceptions, new companies were thronging into Nigeria while more indigenous ones were springing up.

He said, however, that there was the need for the presidential committee on the monitoring of the implementation of Executive Order 005 to be called to action.

President Muhammadu Buhari signed the Executive Order 005 on Feb. 2, 2018.

Ahmed said that the committee chaired by President Buhari and anchored by the Federal Ministry of Science and Technology should be mandated to ensure strict compliance with the order.

According to him, ministries, departments and agencies of government that fail to comply with the Executive Order should be sanctioned accordingly.

In his remarks, former President of MAN, Amb. Hassan Adamu (Wakili Adamawa) called for the support of the political class to shore up Nigeria’s manufacturing capacity and the actualisation of the country’s industrialisation agenda.

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