{"id":35778,"date":"2022-07-22T05:06:45","date_gmt":"2022-07-22T05:06:45","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=35778"},"modified":"2022-07-22T05:06:45","modified_gmt":"2022-07-22T05:06:45","slug":"russian-ukraine-war-man-tasks-fg-on-impact-strategic-response","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/07\/22\/russian-ukraine-war-man-tasks-fg-on-impact-strategic-response\/","title":{"rendered":"Russian-Ukraine war: MAN tasks FG on impact strategic response"},"content":{"rendered":"<p><a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/11\/24\/16-russian-companies-have-expressed-an-interest-in-investing-in-nigeria\/\">The Manufacturers Association of Nigeria<\/a> (MAN) has urged the Federal Government to convene a stakeholders\u2019 meeting to find solution to the impact of the ongoing Russia-Ukraine war on the economy.<\/p>\n<p>The President, MAN, Mr Mansur Ahmed, said this at its 37th Annual General Meeting (AGM) on Thursday in Abeokuta.<\/p>\n<p>Ahmed was represented at the event by the association\u2019s Director-General, Mr Segun Ajayi-Kadir.<\/p>\n<p>The theme of the meeting is: \u201cNavigating Nigeria\u2019s Economic Realities, A Manufacturer\u2019s Dilemma: Building and Sustaining Factories Profitability.\u201d<\/p>\n<p>He said that manufacturing sector haf suffered major setback which include; high cost of diesel, petroleum product and foreign exchange rate.<\/p>\n<p>He appealed to the government to remove the 7.5 per cent Value Added Tax on diesel until the international supply system normalise.<\/p>\n<p>\u201cWe believe that this will help to identify viable options to ameliorate the impact of disruption, agree in ways to assuage other pain points in the business environment.<\/p>\n<p>\u201cIt will also activate innovative solutions to familiar and emerging macroeconomic and infrastructure challenges and generally point the direction for resilience in the economic system,\u201d he said.<\/p>\n<p>Ahmed, however, commended Gov. Dapo Abiodun, for his initiative in creating the Ogun State Land Administration and Revenue System (OLARMS).<\/p>\n<p>OLARMS is an online portal that allows businesses and organisations fulfil their obligation.<\/p>\n<p>He also thanked the governor for the current reconstruction works on various roads within the state.<\/p>\n<p>Ahmed urged him to harken to call by businesses for appropriate incentives and infrastructure that would ameliorate constraints and encourage new investors.<\/p>\n<p>He said that the governor should harmonise taxes between the state and <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/27\/lawmaker-advocates-for-full-autonomy-to-local-government-to-aid-grassroots-development\/\">local government.<\/a><\/p>\n<p>\u201cWe request that you carry out a system check on regulatory functions of certain agencies and organs of government that negatively impact manufacturing and discourage would-be investors.<\/p>\n<p>\u201cWe also like you to intensify efforts on the harmonisation of taxes, especially local government and road related levies to aid the ease of compliance by MAN members and possible exploitation and harassment by government officials.<\/p>\n<p>\u201cAlso, the harmonisation of national and state environmental laws to reduce the cost of compliance on our members,\u201d he added.<\/p>\n<p>In his address, Abiodun advised manufacturers to engage Micro, Small and Medium Enterprises to mitigate challenges bedevilling the sector.<\/p>\n<p>He said that the state was committed to a pubic-private sector partnership and his administration would make Ogun, \u201ca truly investor\u2019s destination of first choice, not only in Nigeria but in Sub-Saharan Africa\u201d.<\/p>\n<p>The governor called on the association to adopt a primary school or health facility in the state as a Corporate Social Responsibility to its host environment.<\/p>\n<p>Earlier in his welcome address, the Chairman, MAN Ogun State, Dr Seleem Adegunwa, decried the challenges that manufacturers in the state were facing.<\/p>\n<p>Adegunwa said that inflation and increase in some raw materials had stretched the production cost of members. who used them as raw materials.<\/p>\n<p>He added that increase in excise duties, scarcity and hike in petroleum products, increase in electricity tariffs and low pressure of gas supplied were inadequate for production.<\/p>\n<p>Adegunwa, however, commended every member of the association still in business, adding that the association would sharpen its advocacy to ensure quality service delivery to members.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to convene a stakeholders\u2019 meeting to find solution to the impact of the ongoing Russia-Ukraine war on the economy. The President, MAN, Mr Mansur Ahmed, said this at its 37th Annual General Meeting (AGM) on Thursday in Abeokuta. Ahmed was represented at the event [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":35804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[6764,6763,3365],"class_list":["post-35778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-business-environment","tag-foreign-exchange-rate-he-appealed-to-the-govern","tag-petroleum-product"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Russian-Ukraine war: MAN tasks FG on impact strategic response &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/07\/22\/russian-ukraine-war-man-tasks-fg-on-impact-strategic-response\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian-Ukraine war: MAN tasks FG on impact strategic response\" \/>\n<meta property=\"og:description\" content=\"The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to convene a stakeholders\u2019 meeting to find solution to the impact of the ongoing Russia-Ukraine war on the economy. 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