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MAN Tasks Tinubu Government On Reforms To Boost Local Industries

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Manufacturers

MAN Tasks Tinubu Government On Reforms To Boost Local Industries

MAN tasks Tinubu government on reforms to boost local industries. He said that statistics showed that Nigeria’s overall GDP grew by 3.40 per cent in 2024.

The Manufacturers Association of Nigeria (MAN) has urged the federal government to introduce reforms that will support

the growth and development of local industries in the country.

The association made the call at the 40th Annual General Meeting of MAN, Ogun State Branch, on Thursday in Abeokuta.
The theme of the meeting is: “Financing Manufacturing Concerns: Exploring Alternative.”

The chairman of MAN, Ogun branch, George Onafowokan, who expressed deep concern over the decline in the nation’s manufacturing sector called for urgent reforms to support local industries.

Mr Onafowokan noted that the manufacturing sector’s contribution to Nigeria’s Gross Domestic Product (GDP) declined significantly from 16.04 per cent in the fourth quarter of 2023 to 12.68 per cent by mid-2024.
He attributed the decline to rising inflation, foreign exchange scarcity, high lending rates, and regulatory policies.

He said that statistics showed that Nigeria’s overall GDP grew by 3.40 per cent in 2024, driven mainly by the service and industry sectors, which includes manufacturing.

Mt Onafowokan also highlighted the industry’s struggles with foreign exchange volatility, inflation, and regulatory burdens.
He said in spite of the harsh environment, members continued to operate and contribute meaningfully to the economy.

He listed some of the challenges facing manufacturers in Ogun state as unconstitutional levies by local governments, arbitrary regulatory fines, and harassment by government agencies and security institutions.

“Members have remained steadfast, keeping factories running, paying workers, and contributing to Ogun state’s revenue base and Nigeria’s GDP.

“Despite these challenges, Ogun manufacturers continue to operate and invest in the economy,” he said.

The chairman also lamented the rising cost of accessing finance from commercial banks, citing the high monetary policy rate (MPR), which stood at 27.5 per cent as of May 2025.

He explained that the high interest loan makes repayment burdensome and erodes profit margins.

He, however, urged manufacturers who needed loans to explore other avenues where they could access affordable funds for operations and expansion.

He noted that institutions such as the Bank of Industry (BoI), LECON Finance Company, and Agusto & Co. were present to provide guidance on such alternatives.

In his remark, the state governor, Dapo Abiodun, who was represented by the commissioner for industry, trade, and investment, Adebola Sofela, commended manufacturers for their resilience.

He assured them of the state government’s commitment to improving the business environment through tax harmonisation and infrastructure development.

Also speaking, MAN president, Francis Meshioye, while speaking on the theme, called on the federal government to fully implement the Nigeria First Policy.

Mr Meshioye noted that government must insist that the policy must be enforced, through the mandatory patronage of locally made products by all arms and levels of government.
“All uniformed agencies should source their vehicles, uniforms, shoes, and other materials from Nigerian companies.

Government contractors must be obliged to prioritise local content, and there must be penalties for non-compliance.

MAN Tasks Tinubu Government On Reforms To Boost Local Industries

MAN Tasks Tinubu Government On Reforms To Boost Local Industries

“We are actively working with the Minister of State for Industry through the Industrial Revolution Working Group to see through these reforms.
“We must restore confidence to the manufacturing space,” he said.

He also demanded the immediate clearance of the $2.4 billion outstanding foreign exchange forwards owed manufacturers, lamenting that many companies are “bleeding” due to double interest payments.

“We also urge the Ogun State Government to domesticate the policy and ensure that all ministries, departments, and agencies in the state prioritise made-in-Nigeria goods in procurement and contracting,” he said.

Akwa Ibom

Governor Eno Flags Off 2026 Akwa Ibom Sports Festival, Pledges More Investment in Talent Development

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Akwa Ibom Sports Festival

Governor Eno Flags Off 2026 Akwa Ibom Sports Festival, Pledges More Investment in Talent Development

Akwa Ibom State Governor, Pastor Umo Eno, has flagged off the 2026 edition of the Akwa Ibom State Sports Festival, reaffirming his administration’s commitment to investing in sports as a platform for discovering, nurturing and promoting young talents.
Governor Eno stated this on Tuesday in Uyo during the opening ceremony of the festival, where he was represented by the Deputy Governor, Senator Akon Eyakenyi.
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The Governor described the State Sports Festival as an important platform for identifying emerging sporting talents, noting that athletes discovered during the 2025 edition went on to distinguish themselves at national and international competitions.

He assured young athletes in the state of continued government support, stressing the importance of creating opportunities for them to discover and develop their sporting abilities.

As part of the ceremony, Governor Eno honoured three Akwa Ibom athletes who won medals at the recent Commonwealth Games in Glasgow, Scotland.

The honoured athletes are gold medallist Edidiong Umoafia and silver medallist Ruth Nyong, both in weightlifting, as well as bronze medallist Enku Ekuta, who competed in judo.
In another move aimed at strengthening grassroots sports development, the Governor directed the Commissioner for Sports to revive inter-house sports competitions in schools across the state.

According to him, the competitions would provide an avenue for discovering and developing new sporting talents.

“We must also invest in the future of sports. That is why I directed the Commissioner for Sports to revive inter-house sports competitions. This competition would help us to develop and discover new stars. We should revisit the good old days.”

Representing the Governor, the Deputy Governor also announced that the state government would soon award the contract for the construction of a Sports Academy in Eket.
She said the proposed academy would provide a structured environment for identifying, training and grooming sporting talents in the state.

Earlier, the Commissioner for Sports, Elder Paul Bassey, described Governor Eno as a sports-loving governor and commended him for approving the 2026 edition of the State Sports Festival.

Bassey recalled that the 2025 edition produced athletes who subsequently represented Nigeria at international competitions, including the Commonwealth Games, where they won medals.
He also commended the Governor for approving automatic employment in the Akwa Ibom State Civil Service for the athletes in recognition of their achievements.

In separate goodwill messages, the Chairman of Uyo Local Government Area and Chairman of the Association of Local Governments of Nigeria (ALGON), Hon. Uwemedimo Udo, alongside Supervisors for Sports from the various local government areas, pledged the support of the 31 local government councils towards the successful hosting of the festival.

Akwa Ibom Sports Festival

Akwa Ibom Sports Festival

The opening ceremony featured a colourful march-past by contingents from the 31 local government areas, led by their respective council chairmen.

A total of 27 sporting disciplines are being contested by athletes representing the 31 local government areas, with competitions taking place at 10 designated venues within Uyo and its environs.
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Full Details: Umahi Receives NANS Assessment Reporter on Federal Roads across North-West Zone

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Umahi

Full Details: Umahi Receives NANS Assessment Reporter on Federal Roads across North-West Zone

The Honourable Minister of Works, Engr. David Umahi, CON, FNSE, FNATE, has received an assessment report by the National Association of Nigerian Students (NANS) on Federal Government road infrastructure projects inspected across the North-West Zone.
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The report was presented to the Minister at the Ministry’s Conference Hall, Mabushi, Abuja, by the President of NANS, Comrade Akinteye Babatunde Afeez. The assessment followed a nationwide student-led inspection initiative aimed at enabling Nigerian students to obtain first-hand information on the progress, quality and relevance of Federal Government infrastructure projects.

Upon receiving the report, Minister Umahi commended NANS’s leadership and the participating student representatives for embarking on the tour, describing the initiative as a responsible demonstration of youth participation in national development. He reiterated that the Federal Ministry of Works welcomes constructive assessments from students, civil society organisations and other stakeholders, noting that such engagements provide the Ministry with unbiased feedback on projects and help identify areas requiring further attention.

According to him, the Ministry has continued to open its project sites to stakeholders and independent observers to enable them to assess ongoing and completed projects and gain a better understanding of the scope, quality and progress of work being undertaken by the Renewed Hope Administration of His Excellency, President Bola Ahmed Tinubu, GCFR.

Engr. Umahi assured that the Ministry would carefully study the observations and recommendations contained in the NANS report and take appropriate action, where necessary. He specifically directed relevant Directors in the Ministry to note the students’ recommendations on access roads and pedestrian safety around educational institutions, including the request for a pedestrian bridge at the Federal Cooperative College area of Kaduna.

The Minister also assured the students that their concerns regarding roads serving universities, polytechnics, colleges of education and surrounding communities would receive appropriate attention within the Ministry’s mandate. He noted that road infrastructure is critical to education, commerce, agriculture and the movement of people and goods, stressing that the Federal Government remains committed to improving connectivity across the country.

Speaking on the broader national conversation surrounding the Renewed Hope Agenda, Umahi stressed the importance of assessing government policies and their implementation through facts, projects and measurable outcomes. He also encouraged stakeholders, including state governments and citizens, to engage constructively on issues affecting their communities. He highlighted the Ministry’s community engagement, sensitisation and mobilisation structure, which is intended to showcase infrastructure projects as catalysts for national integration and development.

On the thorny subject of fuel subsidy removal and its implications for governance, the Minister underscored the need for citizens to examine how changes in government revenues and fiscal space are being reflected in public services and social interventions. Stakeholders were encouraged to engage their respective state governments on how additional revenues are being utilised for the benefit of citizens.

Engr. Umahi recognises that roads are more than engineering structures. Their condition directly affects the movement of people and agricultural produce, access to schools and healthcare facilities, transportation costs, trade, security and the wider economic life of communities.

Presenting the report, the NANS President, Comrade Akinteye Babatunde Afeez, disclosed that the students embarked on the inspection tour because they considered roads leading to educational institutions an important component of the infrastructure required to support access to education.

He said the North-West leg of the exercise covered major road projects across Kano, Kaduna, Jigawa, Katsina, Sokoto and Zamfara States. Among the projects inspected, according to NANS, were the Kano Northern Bypass; Kano–Kwanar Danja–Hadejia Road; Kano–Maiduguri Expressway; Dualisation of Kano–Katsina Road; Kaduna–Zaria–Kano Expressway; Zaria-Funtua–Gusau-Sokoto Road; Kaduna (Mando)–Birnin Gwari Road; Kaduna–Pambegwa–Jos Road; and other Federal road projects across the zone. On the Reconstruction of Kaduna (Mando)–Birnin Gwari Road, the students described the project as strategically important to interstate connectivity and access to communities and educational institutions.

Comrade Babatunde said the delegation observed that several of the roads inspected have a direct impact on students by improving access to campuses, reducing travel difficulties, and strengthening connectivity between educational institutions and surrounding communities.

He commended the quality and scale of work observed at several project sites, particularly the detailed attention given to road pavement construction, the adoption of continuous reinforced concrete pavement (CRCP) technology, drainage infrastructure, subgrade preparation, and the installation of solar-powered streetlights along selected corridors.

The NANS President, however, revealed that the students identified areas where additional interventions could further enhance the impact of some projects. Among the recommendations contained in the report was the provision of pedestrian infrastructure around educational institutions located close to major highways, as well as the construction and improvement of access roads linking some major Federal highways to citadels of learning. He stated that NANS would continue to undertake similar assessment exercises in other parts of the country and communicate its findings to the Ministry.

The Senior Special Assistants to the President (SSA-P) on Community Engagement representing the six geopolitical zones used the occasion to call on Nigerians, traditional institutions, community leaders, youth organisations and other stakeholders to support and participate in the Federal Government’s infrastructure engagement initiative.

They highlighted the long-standing challenges associated with neglected road corridors across the country and noted the importance of ongoing rehabilitation, reconstruction, expansion and completion of strategic routes to improve connectivity, security and socioeconomic activities.

Umahi

Umahi

The Community Engagement teams are expected to serve as a bridge between the Ministry and communities by taking information about infrastructure development to the people, while bringing citizens’ observations, concerns and feedback to the Ministry’s attention. Speaking, the SSA-P, Community Engagement, North-West Zone, Abdullahi Tanko Yakasai, commended the students for visiting project sites and engaging with communities and road users.

Yakasai said the exercise provided an opportunity for the students to see ongoing infrastructure projects firsthand and communicate their observations to the Federal Government.

He commended the Federal Ministry of Works for facilitating access to the project sites and urged the students to continue providing constructive feedback on Federal Government projects across the country.

In his closing remarks, the Director Overseeing the Office of the Permanent Secretary (DOOPS), Alhaji Aminu Ahmed, commended the Minister for his commitment to the Ministry’s mandate and his sustained attention to infrastructure delivery and stakeholder engagement.

He thanked the NANS delegation for the initiative and for taking the time to inspect ongoing projects. He underscored the importance of collaboration among the political leadership, career officials, technical personnel, and external stakeholders in delivering and communicating the Ministry’s mandate.

The DOOPS guaranteed the students that their observations would be handled appropriately. He commended the students for their interest in infrastructure development and their commitment to contributing to national development through on-the-spot assessment and constructive engagement.

Ultimately, the impact of road infrastructure development is measured not only in the number of kilometres constructed or rehabilitated, but also in how effectively roads improve connectivity, facilitate economic activity and ease movement for the people who depend on them.

This initiative, therefore, seeks to position citizens and communities as active participants in understanding, monitoring, and communicating the impact of federal infrastructure development.

Mohammed A. Ahmed
Director, Information and Public Relations.
23 September, 2026.
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Finance Minister Oyedele Calls for Affordable Capital to Finance Africa’s Infrastructure

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IMF Report Misrepresented

Finance Minister Oyedele Calls for Affordable Capital to Finance Africa’s Infrastructure

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called on the international community to scale up the availability of affordable capital to finance infrastructure and development across Africa.
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Oyedele made the call while addressing the United Nations Dialogue on Solutions to Climate Finance on the margins of the 81st Session of the United Nations General Assembly in New York.

He said Africa’s development ambitions, particularly its energy needs, continue to be constrained by high financing costs, currency risks and limited access to affordable long-term capital.

The Minister explained that despite Africa’s relatively low contribution to global carbon emissions, the continent continues to face what he described as a “prejudice premium” and “narrative cost” in its efforts to mobilise financing for critical infrastructure.

He also identified currency risk and what he termed “stereotype tax” as additional burdens confronting African countries as they seek to raise capital for critical energy and other development assets.

Oyedele therefore called for a strategic shift in the approach to climate finance, with simpler access to affordable capital for developing countries and financing arrangements that better reflect their development realities.

He also urged the international community to scale up investment in gas and other transition energy sources, particularly in Africa, to expand access to reliable and affordable energy and help address global energy poverty.

According to him, greater investment in Africa’s energy sector would also help diversify global energy supply and reduce concentration risks, particularly amid disruptions affecting the Gulf region.

The Minister stressed that Africa’s energy transition must take account of the continent’s significant energy-access deficit, noting the need for greater investment to enable countries to meet their development needs while pursuing a practical transition to cleaner energy sources.

IMF Report Misrepresented

Taiwo Oyedele

For Nigeria, Oyedele said the immediate priority was to structure and implement policies and programmes that would reduce poverty, expand economic opportunities and accelerate the distribution of shared prosperity.

He said achieving these objectives would require stronger international cooperation and a financing framework that enables developing countries to mobilise the capital required to invest in infrastructure and improve the lives of their people.

Efe Ovuakporie Head information and PR
23rd September, 2026
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