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.
Price of food items will continue to trend upwards — Isemede, ex-NACCIMA DG
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Nigeria imported $39bn services in 2019 – UNCTAD
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Why we target women on MSMEs AfCFTA
On
By Ebunoluwa Sessou
In a bid to open up opportunities for Micro, Small and Medium Enterprises, MSMEs, and highlight the gains within the African Continental Free Trade Area AfCFTA, for women Center for International Private Enterprise, CIPE launched a survey brief to showcase a roadmap for MSMEs for sustainable policy reforms.
This survey as disclosed by the organizer is to foster greater standardisation and integration in MSMEs as a way to explore all opportunities embedded within Africa territories and Nigeria’s economy.
AfCFTA in collaboration with other stakeholders known as Organized Private Sector of Nigeria, OPSN comprised of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, NACCIMA, Nigeria Association of Small-Scale Industrialists, NASSI, among others recently held a virtual meeting to launch the survey brief to bridge the gap that exists in the MSMEs and African Trade