The Manufacturers Association of Nigeria (MAN), Ogun Chapter, has called on the Federal Government to provide adequate foreign exchange to enable the sector to boost production.
Speaking with the News Agency of Nigeria in Ota, Ogun state, Chairman MAN, Ogun State Chapter, Wale Adegbite, expressed the availability of foreign exchange would boost the productivity and enhance the economy.
“The ability of the Federal Government to provide adequate foreign exchange for manufacturers in 2017 would help the sector to produce at the optimal level.
This would create job opportunities for the unemployed youths and boost the nation’s Gross Domestic Product (GDP),” he said.
Adegbite lamented that the real sector was facing numerous problems such like lack of sufficient dollar, higher interest rate and poor infrastructure that had hindered them from producing at the optimal level.
He also added that the instability of Naira and dollar was affecting most of manufacturers from importing raw materials and machinery into the country.
Highlighting other factors impeding local production, Adegbite appealed to the Federal Government to also ensure lower interest rate and provide infrastructure, especially roads network to enhance productivity of the real sector in 2017.
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