Segun Ajayi-Kadir, the Director-General of the Manufacturers Association of Nigeria, has urged the federal government to prioritise revitalising the nation’s struggling industries, rather than focusing solely on attracting foreign investment. Ajayi-Kadir made the call during a panel discussion at the 13th anniversary lecture of the January 9 Collective on Thursday.
The MAN DG emphasised that growing the domestic economy should be a key priority, with support for local companies and improvements to the business environment being critical. He stressed that this approach would better position Nigeria to strengthen its economic foundation.
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Ajayi-Kadir also backed the ongoing tax reforms currently before the National Assembly, describing them as essential to avert a potential economic crisis. He highlighted that these reforms, which focus on fiscal policy and tax systems, are based on data-driven insights to ensure effective policymaking.
The Manufacturers Association leader called for a more strategic approach to national reforms, stating that Nigeria must act quickly to “determine how we dimension our reforms” in order to secure sustainable economic growth.
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