xOn prospects for the manufacturing sector, he observed that local production, local services, and local innovation were critical to manufacturing and industrial activities. Major issues affecting the manufacturing sector, he observed, were foreign exchange, infrastructure challenges, demand and competition, access to financing, supply chain, and lack of access to local input. xThe General Manager, Large Enterprise, BOI, Leonard Kange, said the sector was faced with two major challenges, lack of capital and access to low-cost funds to drive the manufacturing sector. Dangote Cement Plc emerged the Manufacturing Company of the Year, Cement Manufacturing Company of the Year, while the President, Dangote Group, Aliko Dangote, won the Chief Executive Officer of the Year. Guinness Nigeria Plc won the Best Manufacturing Company of the Year; 11 Plc picked up the Lubricant Manufacturing Company of the Year; Vitafoam Nigeria Plc bagged the Mattress Manufacturing Company of the Year; while Fidson Healthcare Plc won the Pharmaceutical Manufacturing Company of the Year.

Source: The Guardian November 23, 2020 03:45 UTC