OPS demand tax holiday from all tiers of govt - Latest Nigeria News, Nigerian Newspapers, Politics thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
Ife Ogunfuwa
Stakeholders in the private sector say Nigeria’s competitiveness within Africa will improve if the government bridges the infrastructure deficit in the country.
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Manufacturers Association of Nigeria and Association of Bureaux De Change Operators of Nigeria spoke at a workshop organised by the Commerce and Industry Correspondents Association of Nigeria in Lagos.
They also called for an improvement in port facilities to facilitate participation of Nigeria in the African Continental Free Trade Area.
The Director-General, NACCIMA, Ayoola Olukanni, said policies must be implemented to improve ease of doing business and to reduce the cost of doing business, especially for SMEs, which contribute about 48 per cent to the national GDP and provide about 84 per cent employment according to various studies.
Conditional Grant Scheme: SMEDAN empowers 30,000 micro businesses naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
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.
Address Constraints to Manufacturing Sector s Growth, MAN Tells FG thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.