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Nairametrics
Home Business News

Manufacturing: FG should monitor implementation of Executive Order 005 – MAN

William Ukpe by William Ukpe
October 26, 2021
in Business News, Manufacturing
AfCFTA: Nigeria not ready for restrictive Rule of Origin

President of MAN, Mr Mansur Ahmed

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The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to monitor the implementation of Executive Order 005, to boost Nigeria’s manufacturing competitiveness and self-reliance.

This was disclosed by the President of MAN, Mr Mansur Ahmed, at the opening ceremony of the association’s 3-day Made-in-Nigeria Exhibition to commemorate its 49th Annual General Meeting (AGM) and 50th Anniversary celebration in Abuja, according to the News Agency of Nigeria.

He urged that the FG needs to monitor the order following the recent inauguration of the presidential committee to drive the executive order.

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What MAN President is saying

Ahmed disclosed that FG’s decision to inaugurate the committee signalled President Buhari’s commitment to focus attention on domestic production, citing that the President has since the beginning of his administration left no one in doubt of his determination to ensure that Nigerians consume what they produce and produce what they consume.

He also added that to realise these self-reliance plans, the manufacturing sector must be supported and encouraged by all stakeholders to consume made-in-Nigeria goods and services.

“On our part, I want to assure you that the Manufacturers Association of Nigeria and the sector as a whole will rise to the occasion and ensure that it builds on the existing capacities and continues to improve on the quality and competitiveness of its goods and services.

“Given the size of the Nigerian market, achieving self-reliance will not only strengthen and deepen our economy but will also position us to play a dominant role in the just established African continental market,” he said.

He urged members of MAN and other operators in the manufacturing sector to take advantage of the opportunities that this administration’s policies and emerging continental market provide by expanding their investment, improving their manufacturing operations and competitiveness of the goods and services they supply.

Otunba Adeniyi Adebayo, Minister for Industry, Trade and Investment, stated that Made-in-Nigeria products can only drive Nigeria’s prosperity if we can demonstrate that Nigerian products and services have a preference, here, in their home market.

“I am working to create opportunities that will enable manufacturers sign high volume supply contracts with global retailers and wholesalers so that the world can access quality Nigerian goods, like some of those seen today,” Adebayo said.

What you should know

Executive Order 005, was signed by President Muhammadu Buhari on February 5, 2018, with the aim to boost local content in public procurement with science, engineering and technology components.

Tags: MANManufacturers Association of Nigeria
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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