What Tinubu must do for Nigerian manufacturers - Adegbite

Dr Wale Adegbite, the former Chairman of the Manufacturers Association of Nigeria (MAN), Ogun Chapter, has advised the incoming government to improve on road infrastructure across the country.

Adegbite gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun State.

He said that improving road infrastructure would reduce the cost of transportation of raw materials for manufacturers from the port to their various factories and from their factories to consumers.

He appealed to the incoming administration to create a level playing field in accessing USD bidded by manufacturers through their banks to the apex bank.

“There is the need for the new government to think in this direction as this would help to assist manufacturers to facilitate the importation of their inputs into the country.

“In addition, they should grant incentives to manufacturers in the area of reduction in taxes levied on companies to cushion the effects of continuous rising inflation and the challenges of unstable power supply,” he said.

The former MAN chairman also stressed the need for the government to make concerted efforts in closing the IFEX rate in order to reflect true rates transactions are consummated.

NAN