MAN partners NSE to raise capitals, grow economy

Manufacturers Association of Nigeria (MAN) has expressed its readiness to collaborate with the Nigerian Stock Exchange (NSE) in a move to grow the manufacturing sector and grow the economy.

The President of the association, Dr Frank Jacobs, made this known at the floor of the Exchange where he sounded the closing gong on Wednesday in Lagos.

Speaking on the essence of his visit to the capital market, Dr Jacobs noted that the association is starting a good, working collaborative relationship with the NSE.

According to him, “we see the Stock Exchange as a window that is available for our members to take care of one of the major challenges facing them. To enlist and raise capitals”.

The President confirmed that at least three of their members are currently working with the NSE on enlisting on the Exchange. He further promised to encourage many more members to get enlisted.

Talking about what he saw at the floor, Dr Jacobs described his experience as very interesting and exciting. “Its a big opportunity for us, its a big opportunity for our economy”, he noted.

While expressing optimisms about the nation’s economy getting out of recession, he believed the collaboration between the manufacturers association and the NSE will address the issues.

“It will help grow the manufacturing sector which will in turn grow the economy and get us out of recession”, he emphasised.

He lauded the efforts of the government and the Central Bank in addressing the shortage of forex which he alluded to the fall in global price of crude oil and the activities of the militants in the Niger Delta.

He agrees that accessibility of forex by the manufacturers will boost the economy in no time.