Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria (MAN), praised the Tinubu administration’s Accelerated Stabilization and Advancement Plan (ASAP), calling it a collaborative effort between the government and private sector stakeholders. He commended President Tinubu for establishing the Economic Management Team Task Force and Presidential Economic Coordinating Council to oversee its implementation.
Ajayi-Kadir emphasized that effective implementation is crucial, requiring diligent and focused action from relevant government structures, with consequences for non-delivery. He noted that the plan’s timely implementation will restore confidence in governance and the economy, attracting new investors and retaining existing ones.
While acknowledging the importance of foreign direct investment, Ajayi-Kadir stressed that investments should add real value to the economy, boosting productivity. He urged President Tinubu to direct relevant government agencies to prioritize manufacturing sector investments.
The recent $1 billion investment by Coca-Cola demonstrates confidence in ASAP, but full implementation is necessary for sustained growth and investor confidence. Ajayi-Kadir encouraged the government to maintain momentum, ensuring the plan’s execution translates into broader economic gains.
For Nigeria to realize its full potential and experience a surge in Foreign Direct Investment (FDI), Ajayi-Kadir emphasized the need for full ASAP implementation and complementary policies, revitalizing the manufacturing sector for long-term growth
