The experts chose the central bank’s RT200 foreign exchange program and other development roles as an indication of likely policies the government could consider to consistently improve non-oil’s contribution to foreign exchange gains. ”The President of the Manufacturers’ Association of Nigeria (MAN), Mansur Ahmed, also called on the government to take the necessary measures to diversify the manufacturing sector. He pointed to the need to delve into the complexity of the manufacturing sector and look at diversification from both horizontal and vertical perspectives. “As the government diversifies from oil and gas into agriculture, the manufacturing sector must diversify to produce the goods it needs. There is no doubt that Nigeria’s manufacturing sector is not producing enough, even though we are able to.

Source: The Guardian August 29, 2022 06:34 UTC