By Oluwaseun Ogunsola The Manufacturers Association of Nigeria (MAN) has condemned the proposed increase by 40 per cent in electricity tariff from July 1, 2023, describing it as outrageous, adding that the move could sound the death knell for many…
By Omolola Dede Adeyanju The absence of stable, effective and fairly priced electricity supply in Nigeria has been a long-standing challenge for manufacturers. The worrisome development has compelled many manufacturing industries to supplement the unreliable electricity supply with alternative energy…
By Oluwaseun Ogunsola The Manufacturers Association of Nigeria (MAN)has said that the signing of Electricity Act 2023 by President Bola Ahmed Tinubu would mitigate excessive spending to its members and Nigerians if well implemented following the removal of fuel subsidy.…
Manufacturers and industrialists have urged the Federal Government to take urgent steps to address their concerns and derisk the impact of fuel subsidy removal on the real sector. They spoke in an interview with the journalists on Tuesday in Lagos.…
The Manufacturers Association of Nigeria (MAN) has highlighted certain low-hanging fruits that could help bolster the nation’s economy within a short time. The advocacy group while reacting to the inaugural speech of the president, congratulated him and stated that though…
By Omolola Dede Adeyanju The Manufacturers Association of Nigeria (MAN)’s reaction to His Excellency, President Bola Ahmed Tinubu’s inauguration speech as sent through a press statement by Director General of the association, Segun Ajayi-Kadiri mni, expresses reforms expected and proposed…
Omolola Dede Adeyanju The Monetary Policy Committee of the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) to 18.5 per cent in May 2023 from 18 per cent that was fixed at the 290th meeting of the…
The Manufacturers Association of Nigeria (MAN) has expressed readiness to support green manufacturing to ameliorate the negative impacts of their production activities on the environment. President, MAN, Otunba Francis Meshioye said this at the maiden edition of MAN Strategic Dialogue…
By Omolola Dede Adeyanju In respect to the newly released 2023 fiscal policy measures and tariff amendment, the Manufacturers Association of Nigeria (MAN) has revealed foreseen implications on Nigerian economy. As communicated through a press statement signed by the Director…
By Omolola Dede Adeyanju The Manufacturers Association of Nigeria (MAN) has said that capacity utilisation in the manufacturing sector declined to 54.9 per cent from 59 per cent recorded in the corresponding half of 2021; thus, indicating 4.1 percentage points decline…
