The Manufacturer Association of Nigeria (MAN) has presented its expectations from the president-elect, Asiwaju Bola Ahmed Tinubu and top on its list are security, stable forex supply and unification.
These concerns, the manufacturers’ group wanted to be treated as a matter of emergency in order to boast confidence in the sector.
Other areas of concerns the group wanted the president-elect to focus on include bloated unemployment, admission of qualified companies to eligible customers’ scheme by the Nigerian Electricity Regulatory Commission (NERC), ensuring that electronic call-up system at the Ports works to avoid congestion and amendment of some provisions of the 2022 Finance bill, among others.
The association’s expectations are coming against the drop in confidence in the economy by managing directors of companies as seen in the Manufacturers CEO Confidence Index (MCCI) of the last quarter in 2022.
The MCCI is a quarterly survey to gauge the pulse of about 400 Ctos to know the trends in the manufacturing sector.
The last quarter of 2022 shows a decline to 55 points from 55.4 points in Q3 2022, at indicating that CEOs of manufacturing industries have less confidence in the economy.
“The real issues are security and the economy”, stated Segun Ajayi-Kadir, its Director-General.
