Image: Dangote Petroleum Refinery, Lagos . The Manufacturers Association of Nigeria (MAN) urged the Federal Government and the petroleum industry regulators to disregard the recent prescription by the World Bank that Nigeria should open its borders to imported Premium Motor Spirit (PMS) to solve inflationary crisis. In a position document on Friday April 17, titled…
The Manufacturers Association of Nigeria (MAN) says that the disruptions to the Strait of Hormuz – the global shipping routes occasioned by the US middle East War, have started arriving on the doorsteps of domestic factories in Nigeria. The sectoral groups being mostly impacted are Chemical and Pharmaceuticals including the Food, Beverage and Tobacco Industries….
These Returnable Packaging Materials (RPMs) are company-owned assets designed for multiple reuse cycles and form a critical part of their sustainability, cost-efficiency, and product quality systems. It’s a criminal activity to destroy them.
The Global Energy and United Nations Industrial Development Organisation (UNIDO) Industrial Energy Efficiency and Cleaner Production project has the Energy Commission of Nigeria and Manufacturers Association of Nigeria as executing partners with Bank of Industries, Federal Ministries of Power, Science and Technology, Standard Organisation of Nigeria, four Selected Universities and Nigeria Investment Promotion Council as key stakeholders.
, stakeholders in the industry and consumer rights group have staged protests in Lagos and Abuja against the NADFAC’s ban, emphasising that the policy could displace more than 5.5 million Nigerians from their jobs.
Alcohol strength is measured globally using Alcohol by Volume, ABV, and the products in question fall within internationally recognised ranges for spirits.
Meshioye urges the government to prevail on the regulator to suspend the ban, because, “When manufacturing thrives, Nigeria thrives..when manufacturing wins, government wins.”
The MAN leader urged the government to intervene and instruct NAFDAC to cease disrupting member activities and to abide by the suspension of the ban.
Of Nigeria’s 14 industrial zones, activity levels in Abuja declined to 36.7% from 39.5%; Bauchi/Benue and Plateau dropped from 36.2% to 35.8%, while Kwara/Kogi decreased from 57.8% to 52.6%
Smatt-Oyerinde said that the government and the regulators should be worried about the rate of unemployment, worried about the business investment that will be lost and ; worried about the consequences of the message we are communicating to other investors.”
