As the world welcomes 2025, manufacturers and business stakeholders in Nigeria are calling on the federal government to hurriedly resolve policy misalignments that could undermine economic stability and business performance in the new year.
Listed as must-do items are; inflation control, foreign exchange management, fiscal discipline and others, if the economy and the citizens are to tread on a successful path.
The stakeholders are hopeful that the government will make decisive, committed choices that foster a conducive environment for sustainable entrepreneurship, driving growth and positioning the sector to regain its prominence in the global business landscape.
Nigeria’s path to economic growth and sustainable development has been compromised by inadequate attention to the numerous pressing challenges of manufacturers who are meant to be the propellers of its long-term economic agenda.
Achieving a stable rapidly-growing economy would require taking head-on the daily bottlenecks confronted by business owners within the manufacturing sector, considering its active linkages with other key sectoral drivers of the economy.
Amidst the numerous challenges, forex scarcity, multiple taxation, exorbitant interest rate, high-cost business operating environment, smuggling, insecurity, energy crisis and epileptic power supply are leading the pack.
