A
leap in manufacturing’s contribution to Nigeria’s Gross Domestic Product (GDP),
huge investments in cement, sugar and automotive industries, as well as a surge
in capacity utilisation within the year are indications that the sector can
perform better in 2015 if the Federal Government pays more attention to
broad-based, industry- specific incentives, rather than the individual-type
motivations, stakeholders say.
“Majority
of the members interviewed are of the opinion that once the government
continues with broad-based incentives, the possibility of capacity utilisation
improving further is high,” says the Manufacturers Association of Nigeria
(MAN), in its most recent economic review.
“What
this translates to in the economic-wide aggregate, is
