BAD ROAD [Photo Credit: Resolver News]
Wale Adegbite, former chairman of the Manufacturers Association of Nigeria, Ogun Chapter, has advised the incoming government to improve road infrastructure across the country.
Mr Adegbite gave the advice on Monday in Ota, Ogun.
He said improving road infrastructure would reduce the cost of transporting raw materials from the port to factories and from factories to consumers.
He appealed to the incoming administration to create a level playing field in accessing dollars bid by manufacturers through their banks to the Central Bank of Nigeria.
“There is the need for the new government to think toward this direction as this would help to assist manufacturers to facilitate the importation of their inputs into the country,” Mr Adegbite explained. “In addition, they should grant incentive to manufacturers in the area of reduction in taxes levied on companies to cushion the effects of continuous rising inflation and the challenges of unstable power supply.”
The former MAN chairman also stressed the need for the government to make concerted efforts to close the IFEX rate to reflect true rates transactions are consummated.
(NAN)
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