ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Wednesday, March 3, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Half manufacturing firms in South-east close down in five years – MAN

Nigerian Manufacturers. [Photo Credit: allAfrica.com]

Half manufacturing firms in South-east close down in five years – MAN

byAgency Report
August 1, 2017
2 min read
ADVERTISEMENT

The Manufacturers Association of Nigeria, MAN, said that not less than 75 manufacturing firms from about 150 in its membership list in the South East had shut down in the last five years.

Azubuike Okafor, chairman of MAN in-charge of Anambra, Ebonyi and Enugu, said this at the first Anambra Government-Development Partners summit in Awka on Tuesday.

Mr. Okafor attributed the shutdowns to harsh operational environment faced by members in the zone.

He said poor infrastructure, including bad access roads, was negatively affecting cost of production that the firms were no longer sustainable.

“About five years ago, we had about 150 manufacturing firms in our membership list in the zone and now about 75 of them have closed down; that represents about 50 per cent of members.

“We do not have the enabling infrastructure, power and roads to operate; the cost of moving materials from Lagos to Anambra is almost the same as the cost of importing the material from China into Nigeria.

“Though we have a business-friendly governor in Anambra, there is need to help the private sector to grow,” he said.

Adejoke Adefulire, Senior Special Adviser to the President on Sustainable Development Goals, SDGs, said there were infrastructure gaps in the country.

Mrs. Adeufulire said the federal government was working hard to ensure that gaps were bridged to evolve a friendly and sustainable business environment.

RelatedNews

Naira gains at parallel market

Lecturers disrupt academic activities at polytechnic

Court awards N50million against EFCC for re-arresting defendant

PHOTO NEWS: Oyo, Kwara governors meet over security challenges

Solo Chukwulobelu, Secretary to Anambra Government, urged the federal government to revitalise and activate the moribund power project in the state.

Mr. Chukwulobelu said if made functional, the power infrastructure need of the industrial cities in Anambra would have been greatly addressed.

On his part, Mark Okoye, Anambra Commissioner for Economic Planning and Budget, said the state government was working towards incorporating the ministries and agencies in the state to ensure that the SDGs were achieved.

Dangote adbanner 728x90_2 (1)

He said the state was conducting a baseline study and generating community charter to ensure that budget was tailored along the priorities and direct demands of the beneficiaries.

Mr. Okoye said the budget defence process would be expanded to accommodate the youth, women, organised private sector and the civil society, to ensure greater participation and better implementation.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (2)
premiumtimes



PT Mag Campaign AD

Previous Post

Ex-Bauchi State Deputy Gov. Muhammad-Gadi dies at 70

Next Post

117 elections nullified since 2015 elections – INEC

Agency Report

Agency Report

More News

Governor Okezie Ikpeazu of Abia State [PHOTO CREDIT: okezievictorikpeazu.com]

I don’t drink alcohol – Governor Ikpeazu

March 2, 2021
Anambra State Governor, Willie Obiano

Anambra Assembly expresses worry over crime surge

March 2, 2021
Nigeria Police officers

Three suspected cultists arrested in Anambra — Official

March 1, 2021
Ebonyi State Map

Gunmen attack another police station in Ebonyi

March 1, 2021
Enugu State governor Ugwanyi [Photo Credit: Catholic Diocese of Nnsukka

NUJ decries lack of potable water in Enugu

March 1, 2021
Former Imo State Governor, Rochas Okorocha

Okorocha’s son-in-law to be flown abroad for treatment after attack

March 1, 2021
Next Post
LIVE UPDATES: APC, PDP battle for control of Osun West

117 elections nullified since 2015 elections – INEC

Chibuike Amaechi

Amaechi replies Wike; says Rivers gov. has no evidence of corruption against him

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,627,653 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.