Nigeria Democratic Congress (NDC) presidential candidate Peter Obi has congratulated the newly inaugurated leadership of the Manufactures Association of Nigeria (MAN), Dr. Eric Okoye, in Lagos, where he interacted with current and former leadership of the association.
Obi also called for stronger collaboration between government and private sector stakeholders to unlock the potential of Nigeria’s manufacturing industries.
“I congratulate the new President and his team and wish them a successful and productive tenure. I look forward to continued engagement with the manufacturing sector as we work towards building a more productive and prosperous Nigeria,”said Obi.
Obi emphasised that a stronger manufacturing sector will expand employment opportunities, strengthen our productive capacity, reduce our dependence on imports, increase exports, and improve the standard of living of our people.
Highlighting current economic figures, Obi noted that manufacturing accounts for approximately 7.5 per cent of Nigeria’s GDP, a figure he argued lags behind several other developing and emerging economies.
Manufacturing currently contributes about 7.5 per cent of Nigeria’s GDP, compared with about 14 per cent in Egypt, 15 per cent in Morocco, 25 per cent in Vietnam, 19 per cent in Indonesia, and 20 per cent in Bangladesh,” he observed.
