Siaka MOMOH
The Manufacturing Association of Nigeria is calling for a manufacturing-led strategy for Nigeria.
This, it says must include sector-specific interventions such as energy reliability for manufacturers, incentivised local content policies, streamlined regulatory frameworks, and strategic trade facilitation to boost competitiveness.
MAN agues, “In essence, the potential impact on confidence in the Nigerian economy may include the following:
➢ boost investors’ confidence by lowering the debt-to-GDP ratio, signaling improved fiscal sustainability, better credit rating and reducing perceived sovereign risk.
➢ indicative of improved measures and reflection of emerging sectors like fintech and creative industries. This will reveal untapped investment opportunities.
➢ Enhanced statistical transparency and alignment with global standards. This may reinforce credibility that enables investors to make better-informed decisions, grounded in reliable macroeconomic indicators.
“However, its impact on economic confidence will remain fragile if growth is not inclusive, inflation remains high, fiscal and monetary vulnerabilities persist and there are no tangible policies to improve real sector productivity, especially in manufacturing.
