THE Central Bank of Nigeria’s announcement that it had so far released N803.36 billion under its intervention programme for the manufacturing sector excites hope of saving jobs and reviving production in an economy in turmoil.
Engaged in the production of goods using labour, machines, tools, chemical or biological processing, a thriving manufacturing sector stimulates agriculture and mining for raw materials, transportation, supply, and services sub-sector, boosting direct and indirect employment and public tax revenues along its value chains. It has been critical to the ascendancy of advanced economies and the transition to export-led miracles of successful emerging economies.
Alas, the impact of these measures has been, and will likely remain subpar as they collide with the unpalatable realities of the stifling operating environment and Nigeria’s primitive governance model.
1st Agriculture, now this... don’t we need electricity?
True Sir!
After how many years as Governor?
A clueless administration can only malfunction with clueless helms men. You and others have finally ran Nigeria into a hole and can no longer redeem the disaster of it.
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