OPS decry Nigeria’s dwindling manufacturing sector

By Charles Okonji

The organised private sector has voiced out that irrespective of the country’s 75 percent share in manufacturing in the West Africa regional market, manufacturing contribution to the National Gross Domestic Product (GDP) remains insignificant.

The First National Vice President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Alhaji Sanusi Maijama’a, disclosed this in Lagos over the weekend, during the third edition of the AfCFTA Dialogue series.

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Maijama’a stated that the AfCFTA did not commence to the next stage until Nigeria appended her signature, adding that Nigeria is the targeted market which the West African trade neighbors are targeting.

“None of the West African neighbors is engaged in serious manufacturing. They target importing from France with zero duties and to sell in the Nigeria market. So, this is to say that Nigeria should be careful not to become a dumping ground,” he stressed.

Earlier in his presentation, Mr. Shegun Oshidipe, Dir. Economics and Statistics, who represented the Director General of Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi-Kadiri, advised that the government should strategically position the economy to benefit maximally from AfCFTA, especially for the manufacturing sector to become competitive.

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He noted that Nigeria is currently at stage of benefiting from the trade, but regretting that it is cheaper to ship consignment to China from Nigeria than to neighboring African countries.

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