CURRENT REPORT BLOG The Manufacturers Association of Nigeria (MAN) has strongly criticized the Federal Government’s decision to lift the ban on the importation of 43 items, a move initiated by the Central Bank of Nigeria after an eight-year restriction. Dr. Okwara Udensi, Chairman of MAN’s Edo/Delta branch, voiced concerns at the 37th Annual General Meeting in Asaba, expressing worry about the significant negative impact on local manufacturers who had invested heavily in these items. Udensi warned of potential closures and stressed that if the manufacturing sector continues to face adverse policies, Nigeria’s economic outlook is at serious risk.
Meanwhile, Udensi called attention to the challenging business environment in Delta State, highlighting the high cost of operations and the non-conducive operating environment. He appealed to the Edo State Government to enhance road infrastructure, particularly within the Utesi industrial estates. Additionally, he urged Governor Godwin Obaseki to address the issue of individuals posing as consultants and harassing manufacturers for revenue collection. The Delta State Governor, represented by his Senior Policy Adviser, acknowledged the challenges faced by manufacturers and promised the unveiling of tax incentives for companies taking advantage of available opportunities.
