Manufacturers Association of Nigeria urges Federal Government to monitor implementation of Executive Order 005.
Written by News Room on October 27, 2021
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to monitor the implementation of Executive Order 005, to boost Nigeria’s manufacturing competitiveness and self-reliance.
This was disclosed by the President of MAN, Mr Mansur Ahmed, at the opening ceremony of the association’s 3-day Made-in-Nigeria Exhibition to commemorate its 49th Annual General Meeting (AGM) and 50th Anniversary celebration in Abuja.
He urged that the FG needs to monitor the order following the recent inauguration of the presidential committee to drive the executive order.
President of the African Development Bank Group, Akinwumi Adesina, who was a guest at the event lamented that a paucity of energy was negatively affecting the growth of Nigerian industries.
Also speaking at the meeting was the Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala where she noted that trade was a key part in the global economy recovery and called for more support for micro, small and medium enterprises.
Minister for Industry, Trade and Investment, Otunba Adeniyi Adebayo, stated that Made-in-Nigeria products can only drive Nigeria’s prosperity if everyone can demonstrate that Nigerian products and services have a preference in the home market.
Executive Order 005, was signed by President Muhammadu Buhari on February 5, 2018, with the aim to boost local content in public procurement with science, engineering and technology components.