Lagos: Manufacturers Association of Nigeria (MAN) has called for more commitment to the Nigeria First policy to boost real sector competitiveness, expand local production, and drive sustainable economic growth and development. Mr Francis Meshioye, President of MAN, made the call on Tuesday in Lagos during a news conference ahead of the association's 53rd Annual General Meeting (AGM) scheduled for Oct. 14 to Oct. 16.
According to News Agency of Nigeria, Meshioye stated that the Nigeria First Policy symbolized a turning point for the nation, as it sought to bolster economic self-reliance, industrialization, and national pride. He described the policy as a carefully designed strategy to prioritize locally manufactured goods and services. Despite the economic challenges witnessed in recent years, Meshioye believes Nigeria still has reasons to hold onto renewed hope.
He emphasized that only through coordinated action, sustained investment, and strong accountability could Nigeria unlock the full potential of its manufacturing industry. Addressing questions about whether Nigeria had achieved its manufacturing targets as it marks 65 years of independence, Meshioye said the policy, if fully implemented, would lead to industrialization. He noted that such implementation would stimulate industries, trigger a multiplier effect down the value chain, and boost economic opportunities.
Meshioye pointed out that unstable Gross Domestic Product (GDP) growth over the years is tied to low industrialization, but stronger industrial growth would stabilize and expand the economy. He suggested that a predictable growth pattern would benefit not only manufacturers but also households and the wider Nigerian society. He expressed confidence that proper implementation would lead to the full industrialization of Nigeria.
Meshioye confirmed that Aliko Dangote would deliver the keynote address at the upcoming meeting, which aims to provide a platform for dialogue on strengthening Nigeria's industrial future. In a similar vein, Mr Segun Ajayi-Kadri, Director-General of MAN, expressed optimism that the policy would transform not only job creation but also the broader economic trajectory. He reiterated that MAN's overarching goal is to help Nigeria achieve manufacturing sovereignty under the Nigeria First framework.