Manufacturers Association of Nigeria (MAN) has said its ready to collaborate with the Nigerian Stock Exchange (NSE) to grow the manufacturing sector and the Nigeria economy.
The President of the association, Dr Frank Jacobs, made this known at the floor of the Stock Exchange where he sounded the closing gong on Wednesday in Lagos.
According to him, “we see the Stock Exchange as a window that is available for our members to take care of one of the major challenges facing them. To enlist and raise capitals”.
The President confirmed that at least three of their members are currently working with the NSE on enlisting on the Exchange. He further promised to encourage many more members to get enlisted.
Dr Jacobs described his experience at the floor as very interesting and exciting. “Its a big opportunity for us, its a big opportunity for our economy”, he noted.
On the nation’s economy ,he expressed optimism that Nigeria will get out of recession,as he believed, the collaboration between the manufacturers association and the NSE will address the issues.
“It will help grow the manufacturing sector which will in turn grow the economy and get us out of recession”, he emphasised.
He lauded the efforts of the government and the Central Bank in addressing the shortage of forex which he alluded to the fall in global price of crude oil and the activities of the militants in the Niger Delta.
He agrees that accessibility of forex by the manufacturers will boost the economy in no time.