PSN, MAN partner to promote working environment for manufacturing industries in Nigeria Manufacturing Industries
EMERGENCY DIGEST- The Pharmaceutical Society of Nigeria (PSN) says it will continue to partner with the Manufacturers Association of Nigeria (MAN) on the promotion of working environment for Nigerian manufacturing industries to thrive.
Mr Juwon Otelaja, the PSN Kwara State Chairman made the call on Thursday in Ilorin during a courtesy visit paid by the association to the MAN secretariat.
He commended the body for championing the course and interest of manufacturers in Nigeria despite harsh working condition.
Otelaja added that PSN will continue to support and partner with MAN to ensure governments at all tiers promulgate policies geared towards survival of manufacturing industries in the country.
He stated that such moves by the Federal Governments includes ensuring that the Central Bank of Nigeria (CBN) improves forex allocation on importation of raw materials, adding that high cost of forex had adversely affected manufacturers’ productivity and profitability.
The PSN chairman emphasised that the survival of manufacturers in Nigeria is crucial in creation of jobs and the development of the country as a whole which calls for concerted efforts to ensure policies in their promotion is implemented.
In his reaction, Chief Bioku Rahmon, the Chairman of MAN Kwara and Kogi States branch commended the PSN for the goodwill and partnership.
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He also commended PSN on it’s efforts to ensure that the government implement best policies for businesses to thrive in the country.
He explained that the policy thrust of MAN is to have a focal point of communication and consultation between industry on the one hand, and the government and general public on the other.
According to him, the platform is for the private sector to formulate and articulate policy suggestions that would be complementary to governments efforts at policy formulation
Rahmon added that the challenges of manufacturers in the country is aggravated by infrastructural problem including roads, power, water and unfavourable policies among others.
He observed that government sometimes implement policies without imput of stakeholders involvement.
“This policies of ‘copy and paste’ of other countries policies may not necessarily work in our own country.
“During the COVID-19 pandemic, there was a lot of wavers for the continuous existence of companies in some countries such as the US, so that companies don’t sink.
“However our government increase tarriffs during the COVID-19 pandemic which is unfavourable to manufacturers,” he said.
He explained further that it was during such time that South Africa and Egypt reduce their own tariffs to ensure survival of their manufacturing industries.
The MAN chairman appealed to the Federal Government to ensure survival of the manufacturing industries especially Medium Scale companies who can employ millions of Nigerians and reduce large unemployment in the country.
