MAUNFACTURERS EYE 25% CONTRIBUTION TO GDP
BY Providence Obuh
The Manufacturers Association of Nigeria (MAN), is projecting a 25 per cent manufacturing sector contribution to the Gross Domestic Product (GDP) of the country.
President of the association, Chief Kola Jamodu made this known at a forum in Lagos, stating that this is geared towards achieving the vision 20:2020 objectives.
Jamodu who spoke through the associations Director-General, Mr Olayinka Akande said. According to him, 'We know that the contribution of the manufacturing sector to the Nigerian economy is very shallow, that is about four per cent and for Nigeria to realize its vision 20:2020 objective, we are thinking of growing from that stage to about 25 per cent GDP contribution to the economy.
'We have articulated programmes that will ensure that over a period of time we will achieve that plan. Man will continue to adopt appropriate technology and continue to produce a high quality product. We want cars made in Nigeria to equate quality.
He added that the sector will continue to remain steadfast in championing the manufacturers' interest within the country's economy.
'Man has come up with a blue print which is intentionally a road map that shows that the economy has brought forth intervention programme with very detailed means of implementation,' he stated.