The Manufacturers Association of Nigeria (MAN) has tasked the Federal Government to speedily commence the implementation of the African Continental Free Trade Area (AfCFTA), to support its industrialisation agenda and drive manufacturing competitiveness.
The Association gave the charge at the 11th Business Luncheon of the Apapa Branch Council of MAN on Thursday in Lagos.
The theme: ‘Improving Nigeria’s Manufacturers Competitiveness Within the Context of AFCFTA’s Implementation’.
Mr Mansur Ahmed, President, MAN, said the call became pertinent because the nation was not currently competitive enough to fully maximise and harness the benefits of the AfCFTA.
Ahmed, who was represented by the association’s Ikeja Branch Chairman, Mr Robert Ugboaja said the reasons making the nation lack the competitiveness included lack of infrastructure such as electricity and the cost of money.
He said manufacturers in other countries, such as South Africa already had some infrastructure including broadband, gas and electricity present in their lands unlike in Nigeria.
“Almost all manufacturers have to provide their own electricity. To provide electricity, they have to buy generators and fuel the diesel generators.
“A company here will have to generate its own water and pay government for generating the water,” he said.
He added that the nation would also need to look beyond the ease of doing business but also the cost, in the area of interest and exchange rates.
“There is no way any of our manufacturers can source 100 per cent of their inputs locally. There are still some things that need to be imported,” he said.
The president said the association would continue its advocacy to ensure that the cost of doing business was reduced.
The Chairman of MAN, Apapa branch, Mr Frank Onyebu also called on Lagos State government as the country’s number one commercial hub to work with the Federal Government to ensure the success of the AfCFTA implementation.
He added that the design of the AfCFTA reflected an explicit commitment to creating a framework for deeper socioeconomic integration that would enable trade, investment and mobility of people.
Onyebu urged manufacturers to source for innovations, review their processes and re-strategise to aid their production mode and also enable them compete in markets.
“There can be no sustainable industrial development without an efficient and sustainable energy system,” he said.