Manufacturers Association of Nigeria (MAN) said yesterday that 240 new factories opened shops in the country within a year, thereby propping up investment in the manufacturing sector.

President of MAN, Chief Kola Jamodu said Monday in Abuja at a stakeholders’ conference on the review of common tariff for 2008 to 2012 that the projected turnover of these factories is N140 billion.

He said that some of its members have expanded their production base by as much as N100 billion, adding that close to 200,000 new employment was generated by December last year alone.

He said there was increased utilization from 47.50 percent in December 2010 to 48.93 percent in December last year, and that in some sectors, capacity utilization grew to 70 percent.

He attributed the growth in the manufacturing sector to the cancellation of the Cargo Tracking Note, reduction in the number of agencies at the ports and adoption of sector-specific incentives/waivers policy and promotion of buying made-in-Nigeria products.

He also said other factors responsible for the growth include rehabilitation of the railway system, adoption of backward integration policy, zero per cent import duty on agricultural machinery, equipment and enzymes.

Jamodu emphasized the need for more consultations and interactions with stakeholders in the implementation procedures of composite cassava flour in bread.

This consultation, he said, should include the possible review of 15 percent levy imposed on wheat and special incentives to accelerate the manufacture of composite flour.

According to him, the real sector should not be overburdened with excessive taxes and affronted with multiplicity of taxes and levies.

On the planned introduction of the N5000 note by the Central Bank of Nigeria, the MAN’s boss said it is a negation of the cashless policy.

He said federal government should rather come up with realistic policies that will encourage the use of coins.

Major" achievements you said.

Do you have any idea of the extent of

meticulous work been done in the

Power Sector not just in the marked

improvements in Generation,

Transmission and Distribution but

esp in the Privatization and

concessioning of the sector? Are you

aware of the effects the reforms,

which is currently in its concluding

stage(Sept/Oct this year), would

have on the nation? This admin is

midwifery the greatest

transformation in the Power Sector

in this country's history.
http://sweetcrudereports.com/2012/04/25/gas-to-power-500mmcfd-of-gas-to-be-delivered-to-nipp-soon/
https://www.nairaland.com/1004060/something-wrong-power-improving/13#11639505

The nation is also undergoing its most

audacious developments in the

Transportation Sector- Rails, Inland

Waterways and Seaports. On rails,

the NRC that have been moribund for

very many years have been revived,

more workers re-engaged and most of

its dilapidated facilities across

the nation repaired; all the rail

tracks in the country are been

rehabilitated(actually most of the

tracks have been rehabilitated

already and some intra- and

interstate trains services have

started running after a very long time

in deed). The Standard Guage

Itakpe-Aladja-Warri rail track is

finally completed(with additions

planned) while the Modern Abuja-

Kaduna track is on going(about 30%

completion) just as the Double track

Lagos-Ibadan Modern(which is

different from the narrow guage

Lagos-Ibadan which is already

running trains) has been awarded

about 3 months ago.
http://leadership.ng/nga/articles/31659/2012/08/04/rail_rehabilitation_are_we_waiting_godot.html
file:///C:/Users/odia/Desktop/New%20folder/Newfolder/Nigeria-Federal+Government+Raise+Power+Output+9+000MW.htm

On Inland Waterways, the dredging of

the Lower Niger which links 9 states

on its axis and provide south-north

all year round navigation which

would ensure the cheap movements of

huge amounts of goods and humans,

has been completed with some

accompanying River Ports for the

first time in the country's history;

the dredging of River Benue has also

commenced.
http://www.shipsandports.org/detaildiscource.php?id=5
http://www.guardiannewsngr.com/index.php?option=com_content&view=article&id=87591:river-niger-now-a-beehive-of-commercial-activities&catid=81:maritime-watch&Itemid=591

The Seaports now work 24/7,

bureaucracy reduced and the amount of

time goods spend in the ports has

been halfed already(though not yet

up to the 48hrs target) while

Demorage costs have significantly

decreased(when was the last time you

heard of goods staying months on the

seas cos terrible congestions in the

pots and paying huge demorage).

http://www.thisdaylive.com/articles/stakeholders-count-gains-of-agencies-reduction-in-ports/115563/

Do you have any idea of the effects of

all theses on the economy going

forward especially as they are been

interconnected?(works on Roads need

to be accelerated though).


The most massive rehabilitation and

remodeling of airports across the

nation with about 11 of them is

ongoing; Kano International Airport

is for instance nearing completion.
http://www.punchng.com/business/business-economy/fg-puts-basa-fund-at-n11-54bn/

Do you have any idea what kind of

work is going on in the Agriculture

Sector?
http://www.newworldnigeria.com/pdf/AdesinaLondonBOIForumfinal.pdf

....As a Nigerian am sick and tired of these lies that some of you guys are peddling about the president not doing anything. You and others who feel otherwise should not be COWARDS and respond to these claims here . I am earnestly waiting for such responses. Now Good luck with that

musiwa7: name the 1o new factory in osun state or kwara or kogi or imo state

musiwa7: name the 1o new factory in osun state or kwara or kogi or imo state

taharqa: I can now confirm dat dis same figure was Also reportd in an article in today's Guardian Newspaper wit even furda info on d improvements in d manufacturing sector.... In today's Punch is anoda story on d slight improvement in Nigeria's position in d World's Competitive Index from 127 in 2010 to 115 last yr- d factors that lead to the improvements and the Many other factors dat is keeping a country like Nigeria dat d report said had 'great potentials' in d its current score(cos regardless of d slighting improvement on d index, it is still shameful dat Nigeria is at d 115 position considering her considerable promise) were discussed. In a slightly similar vein, today's Leadership Newspaper reported dat d Foreign Reserves rose to about $39.6billion 4rm $38.4billion just last week and $32billion by early dis year, implying dat it wud it is well on its way to attaining d $50billion mark set by d Minister of Finance by year's end

Kenistry: GEJ is no doubt doing grt tins in d country, bt 240 industries & 200,000 jobs? Den y am i still jobless with B.sc Ind chem, wen do dey all recruit all dose workers? I doubt MAN figures dou i hope it's true, cos we nid to move forward, capitalizin on d improved power supply. I will definitely vote GEJ agn, heLs d best President so far

Demdem:

I respect MAN but I don't think they are right on this one. If these new industries are there, we all will see it. We aren't blind.

Besides kola Jamodu is a killer member. Hw was once an honourable minister of the republic I guess. Me think this is a political talk

berem: please were are the industries located? The only one I know is the newly opened industries in anambra! 240 new industries yet the rate of unemployment is high! These people will never stop feeding nigerians with lies. MAN ko! WOMAN ni!

Kenistry: GEJ is no doubt doing grt tins in d country, bt 240 industries & 200,000 jobs? Den y am i still jobless with B.sc Ind chem, wen do dey all recruit all dose workers? I doubt MAN figures dou i hope it's true, cos we nid to move forward, capitalizin on d improved power supply. I will definitely vote GEJ agn, heLs d best President so far

jmaine:

Embrace and apply suitable statistics to make better deductions, lest you appear too ignorant . .Thanks

berem: you are the ignorant one here! Why don't you come up with your own statistics and let's see if you are right?

berem: please were are the industries located? The only one I know is the newly opened industries in anambra! 240 new industries yet the rate of unemployment is high! These people will never stop feeding nigerians with lies. MAN ko! WOMAN ni!

jmaine:

Before you exhibit more idiocy . . .Match the current unemployment rate of 23.9 % (Millions) Vs the 250,000 jobs created and compare favorably.

Then tell us why you feel the unemployment rate, still shouldn't be high . . .

Do you want us to also help you perform the simple arithmetic deductions on air ?