Nigeria: Tackle Insecurity, Reopen Borders to Tame Inflation, OPS Urges Govt allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
James Emejo in Abuja and Dike Onwuamaeze in Lagos
Analysts and members of the organised private sector yesterday urged the federal government to step up efforts in tackling insecurity and ramping up measures to ensure food security amidst mounting inflationary pressures.
They also advised the federal government to reopen the country’s land borders, even as they stressed the need to apply strict control on its neighbours to respect the ECOWAS protocol of rule of origin.
The analysts, in separate interviews with THISDAY following the latest data from the National Bureau of Statistics (NBS) that put inflation at 14.89 per cent, called for government’s continued support for local agricultural production and improving the security of farmers against insurgency, banditry and kidnappings.
Nigerian government urged to tackle insecurity, reopen borders to tame inflation today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to review existing policies for a better and cleaner environment.
Acting Director-General, Ambrose Oruche, stated this during the launch of the Energy Management System (EnMS) and Resource Efficiency and Cleaner Production (RECP) in Abuja.
Oruche said that the protection of the environment has to be considered in the planning and proposed the involvement of the stakeholders in policy implementation to reduce emission.
“Our nation is currently finding the appropriate pricing of available energy whose production is far below the required demand, a development that must be reversed to ensure the competitiveness of the locally-manufactured product,” he noted.
By Providence Adeyinka
ECONOMY
Manufacturing sector operators have indicated that many factories may not open for activities next month due to the impact of COVID-19 fallouts as well as scarcity of foreign exchange supply.
Dropping this hint at the 2020 Workshop of the Commerce and Industry Correspondents Association of Nigeria, CICAN, the Acting Director General of the Manufacturers Association of Nigeria, MAN, Mr. Ambrose Oruche, said that the manufacturing sector has been near dearth before lockdown, because of the neglect by government.
He stated: “During the lockdown caused by the COVID-19 pandemic most countries stopped sending their raw materials to us and then most industries began to shut down. After that there was a foreign exchange (Forex) issue that was threatening the survival of the manufacturing sector.