The Manufacturers Association of Nigeria (MAN) has expressed deep concerns over the increasingly stringent regulatory environment in Lagos and across the country, highlighting the heavy financial burdens these regulations impose on manufacturers.
The association is advocating for significant improvements in infrastructure within industrial areas, emphasizing the need to bolster domestic industries, enhance their competitiveness, and ensure that the manufacturing sector thrives.
At the 57th Annual General Meeting (AGM) of the Ikeja branch, themed “Improving Productivity in Nigeria’s Manufacturing Sector: Monetary/Fiscal Policy, Infrastructure, and Competitiveness,” industry leaders voiced their frustrations and charted a course for the future.
Robert Ugbaja, Chairman of MAN’s Ikeja branch, underscored the relevance of the AGM’s theme as the manufacturing community grapples with the complexities of a challenging business environment.
He acknowledged the critical role of the manufacturing sector as a barometer of economic health but lamented that the harsh operating conditions are severely undermining productivity and competitiveness.
