South-East governors have been encouraged to join forces and invest in manufacturing to improve their economies and tackle unemployment in the region.
The call was made by Anambra State’s Deputy Governor, Dr. Onyekachukwu Ibezim, during the Annual General Meeting of the Manufacturers Association of Nigeria (MAN) for Anambra, Ebonyi, and Enugu states held in Enugu.
Focus on Economic Diversification
Dr. Ibezim emphasized the importance of addressing challenges in the non-oil sector, citing Anambra’s progress in agriculture, including palm tree and coconut farming initiatives.
Keynote speaker, Dr. Dakuku Peterside, former DG of NIMASA, highlighted how manufacturing can drive economic growth, attract investors, and reduce Nigeria’s dependence on oil.
He called for better infrastructure, stable monetary policies, and incentives for manufacturers to thrive.
Support for Non-Oil Exports
MAN Chairperson, Mrs. Ada Chukwudozie, stressed the need for policies that encourage manufacturing and non-oil exports to reduce the country’s reliance on oil. She urged investments in infrastructure, education, and research to build a competitive workforce.
Collaborative Efforts Needed
Other speakers, including Chief Martin Agbaso and Dr. Nnaemeka Obiaraeri, pointed out the importance of supporting small and medium enterprises (SMEs) to create jobs and drive economic growth.
They called for leveraging local resources and positioning Nigeria as a manufacturing hub under the African Continental Free Trade Area agreement.
Stakeholders at the meeting agreed that investing in manufacturing can help Nigeria diversify its economy and achieve sustainable growth.
They called for timely investments and collaborations among manufacturers, policymakers, and financial institutions.
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