MAN DG Advocates Sustainable Credit Framework and Monitoring Measures for Economic Milestones

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Segun Ajayi-Kadir, the Director General of the Manufacturers Association of Nigeria (MAN), is pushing for substantial changes in Nigeria’s financial landscape. In the Manufacturing Outlook for 2024, he emphasized the critical need for the Central Bank of Nigeria to establish a sustainable framework for credit interventions specifically tailored to the manufacturing sector. Ajayi-Kadir stressed the importance of mobilizing banks to offer long-term, single-digit interest loans, outlining this as a pivotal step to bolster the growth and stability of the manufacturing industry.

In his address, the MAN DG conveyed the association’s proactive stance in shaping economic progress. Beyond mere advocacy, Ajayi-Kadir outlined MAN’s commitment to actively participate in monitoring and evaluation processes. The overarching goal is to ensure that government incentives, including the proposed credit interventions, yield tangible and measurable outcomes in achieving crucial economic milestones.

The Manufacturing Association of Nigeria, under Ajayi-Kadir’s leadership, envisions a collaborative effort with financial institutions to drive the manufacturing sector forward. The emphasis on sustained monitoring and evaluation reflects a commitment to accountability and effectiveness, aiming to transform incentives into real, positive impacts on Nigeria’s economic landscape.

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