The Manufacturers Association of Nigeria, MAN, has issued a stern warning to the Federal Government against demarketing local industries.
The Director General of MAN, Segun Ajayi-Kadir, who issued the warning, said government agencies that provide regulatory oversight functions should promote an enabling business environment for local investments to thrive.
Ajayi-Kadir also called for caution from major actors, government agencies, and regulators in the oil and gas sector of the economy regarding the Federal Government-Dangote Refinery saga, stressing that no regulatory agency should cast a shadow over a homegrown investment like the Dangote Refinery.
According to him, the allegations of poor quality, and monopolistic tendencies levelled against Dangote Refinery by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, were unsubstantiated.
Ajayi-Kadir stressed that local investors in Nigeria, particularly the Dangote Industries Limited (DIL) play a vital role in driving economic growth, paying taxes, creating jobs and fostering development within the country. As such, these investors must be protected and given the necessary support to thrive in this business environment.
He said a business colossus like Alhaji Aliko Dangote, with investments in diverse sectors of the economy and across the Continent of Africa, should be accorded all needed support to grow and invest in more sectors and positively impact the well-being of the people.
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