The Manufacturers Association of Nigeria (MAN) has appealed to the Federal Government and regulatory agencies for understanding of the plight of entrepreneurs in the country, particularly in the current environment characterized by several policy weaknesses and consumer apathy. The Director General of the Association, Mr. Segun Ajayi-Kadir, who made the appeal in view of the […]
As the policy reforms-induced current macroeconomic whirlwinds in Nigeria’s business landscape continue unabated, the Manufacturers Association of Nigeria (MAN) has opposed the planned implementation of the Expatriates Employment Levy (EEL) by the Federal Government, saying implementing the fiscal measure could aggravate the crisis in the real sector. The association in a statement signed on Tuesday […]
The Federal Government of Nigeria has organised six zonal public hearings across the country for the review of the National Minimum Wage. The hearings are scheduled to hold in the North-East (Yola), North-West (Kano), North-Central (Abuja), South-South (Uyo), South-East (Enugu), and South-West (Lagos). The South-West Zonal Public Hearing, which will be chaired by the Minister […]
The House of Representatives Committee on National Agency on Food, Drugs Administration, and Control (NAFDAC), has advised the agency to suspend the enforcement of its recent ban on sale of spirits and alcoholic drinks in sachets and pet bottles. The committee’s advice was based on the need for the Legislature to conclude its investigation on […]
The Vice Chairman of Basic Metal Sector of the Manufacturers Association of Nigeria (MAN), Mr. Lekan Adewoye, has described the new CBN policy directive removing the restriction on foreign exchange (FX) access to 43 items for imports as undesirable for struggling manufacturing industry businesses. The industrialist made this remarks during an interview on TVC Business […]
….lists measures to improve fiscal efficiency The Manufacturers Association of Nigeria (MAN) has bemoaned the Federal Government’s excessive and multiple taxes imposed on manufacturers in its efforts to boost non-oil revenue for debt repayment, describing the fiscal measure as undesirable for economic growth. The umbrella body of real sector players in the nation’s economy […]
The Manufacturers Association of Nigeria (MAN) has said that the latest foreign exchange (FX) policy by the monetary authorities will further increase operational costs for businesses and trigger exchange rate volatility due to uncertainties about future exchange rate trend. The Director-General of the association, Mr. Segun Ajayi-Kadir, who made this remark during a media chat, […]
The Manufacturers Association of Nigeria (MAN) has appealed to President Bola Ahmed Tinubu to prevail on the Central Bank of Nigeria (CBN) to give priority to productive sectors of the economy in its foreign exchange (FX) allocation as a strategic step towards boosting the nation’s economic growth. The Director-General of the association, Mr. Segun Ajayi-Kadir, […]
The Manufacturers Association of Nigeria (MAN) has appealed to the Central Bank of Nigeria (CBN) to allocate more foreign exchange (Forex) to manufacturing companies to support their importation of raw materials and machinery. The chairman of MAN, Edo/Delta branch, Dr. Okwara Udensi, gave the charge on Thursday in his address at the 36th Annual General […]
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to extend the implementation of its E-invoice and E-evaluator initiatives by 90 days to enable stakeholders make inputs into the regulatory directives for hitch-free adoption. Director-General of the association, Mr Segun Ajayi-Kadir, expressed the group’s position on the policy measures in […]