ThE Lagos State Government has described innovative finance options as crucial to the state and the nation’s goal to achieve sustainable industrial growth and position manufacturers to benefit from the African Continental Free Trade Agreement.
The Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs Adetutu Ososanya, made the remarks at the 52nd Annual General Meeting of the Manufacturers Association of Nigeria, Apapa branch, held on Tuesday in Ikeja.
Ososanya said, “With the advent of AfCFTA, Nigeria stands at the threshold of unprecedented opportunities. AfCFTA is a game-changer, providing us with a broader platform to expand our reach and establish ourselves as a formidable force in the global market.
“However, to harness the full potential of this historic trade agreement, we must be equipped with robust financing options that will enhance the competitiveness of our manufacturers.
“We must address the crucial issue of financing and equip our manufacturers with the necessary resources to thrive on this larger stage because financing is the lifeblood of any thriving manufacturing industry. It fuels innovation, boosts production capabilities, and enables businesses to stay ahead in the dynamic global market.”
The National President, MAN, Francis Meshioye, while commending the Lagos State Government for its investment-friendly policies, called for more support for the manufacturing sector.
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