MAN President Highlights important of Nigeria Stakeholders Roundtable Discussion to Kano seeking deeply way to arrest the de-industrialization

Engr Ahmed Mansur, the President, Manufacturers Association of Nigeria (MAN) during his remarks welcome all to this maiden edition of the Manufacturers Association of Nigeria’ Stakeholders Roundtable session in Kano.He noted that both the Kano State Government and His Highness have been deeply involved in finding ways to arrest the de-industrialization in Kano and regenerate once thriving manufacturing sector.

The need to promote the real sector of the economy to stimulate sustainable economic growth that trickles down to the betterment of the populace by John Coumantaros, the Chairman, Flour Mill of Nigeria (FMN)”

Mansur said We (MAN) are particularly delighted and honoured to have his Highness Mallam Muhammadu Sanusi II, Sarkin Kano as our Keynote Speaker. We thank your Highness for accepting our invitation to attends MAN ROUNDTABLE DISCUSSION with the theme: Leveraging on Nigeria-China Economic Relations to Re-industrialize the Economy”.

His also thank His Excellency, the Executive Governor of Kano State who is represented here by our friend and long-standing advocate for industrialization, the Honourable Commissioner for Commerce, Industry, Cooperatives and Tourism, Alhaji Ahmed Rabiu who was for many years the President of Kano Chamber of Commerce and Industry.

While he warmly welcomes other special guests, particularly, the Executive Secretary of the Nigeria Investment Promotion Council (NIPC), the Representative of the European Union and the Dean of the Faculty of Engineering, Bayero University, Kano, all of whom will be making contributions to this session as panel of discussants.

MAN President said I must also extend my profound appreciation to the members of Council of our Association not only for approving the convening of our meeting here in Kano, but indeed for turning out in such a large number despite the very heavy demand it made on their very valuable time – especially since some of them are here in Kano for the first time.

He also extend his very special welcome to his distinguished predecessors-in-office, former presidents of MAN here present – Alhaji Bashir Borodo who will chair this session and our esteemed Dr. Frank Jacobs, your presence matters a great deal to us.

Mansur seeks permission to take a few more minutes to explain the rationale for this event.

And he said “As you are aware, MAN is the umbrella body of the Nigerian manufacturing sector with membership of over 2700 manufacturing companies in Nigeria across the sector from SMIs to large multinationals. MAN represents and advocates for the interest of the sector. Our mission is to engage and partner with Government and all other stakeholders in our economy to promote the growth and development of a strong, vibrant, diversified and competitive manufacturing sector that should be a key flank of a modern competitive economy. Part of our advocacy strategies is continuous dialogue with other stakeholders, on issues of economic growth policies and strategizes at both national and sub-national levels. So this morning’s dialogue session is in pursuance of this mandate.

The theme of our discussion is anchored on two – pertinent observations: First is the slow pace of growth of industrialization, especially the manufacturing sector in our country as a whole, but even more worrisome, the process of de-industrialization that is increasingly evident in some of our states. Kano in particular, has clearly suffered in this regard over the past two decades during which almost half of its thriving manufacturing establishments have shut down.

Clearly MAN, the Government and indeed all other stakeholders must be concerned, and we must explore all potential strategies to arrest and reverse this de-industrialization process.

The second observation has to do with the increasing Chinese influence on the global economy and specifically on developing countries such as ours, and the opportunity this opens up for our economy. It’s now common knowledge that China has become the 2nd largest economy in the world (GDP over $10 Trillion) and is rapidly becoming a major factor in the changing global economic order.

“In 2015, the Chinese Government launched the “Belt and Road Initiative” (BRI) as a global economic development strategy aimed to change the architecture of the world economy.

“BRI- involves a $900 Billion infrastructure and investment programme designed to connect over 67 countries in Europe, Asia, Middle East and Africa, to China with the goal of changing the direction of trade and investment flows.“In September 2018, Nigeria joined the Belt and Road Initiative. The focus of the Nigeria-China MOU was mainly on infrastructure development especially in the power and transportation sectors. We are all aware that many ongoing projects in these sectors, both at the Federal and State levels are indeed being financed by the Chinese. We are also aware that BRI also covers other areas of investment opportunities including Industrial and SMEs development, Trade facilitation and human capital development. It is our desire to explore during this dialogue how the growing Nigeria-China economic relations and the BRI can be leveraged to attract more investment in our manufacturing sector and reverse the direction of de-industrialization on our country.

“I am confident that this session will not only produce practical suggestions on the matter but will also provide valuable insights on Nigeria’s economic growth strategies

 

 

The Caption Photo:,The President, Manufacturers Association of Nigeria (MAN), Engr Ahmed Mansur

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