The regulations seek to prohibit the production and use of single-use plastic products with a thickness below 80 microns, pursuant to Section 26(1).
According to him, manufacturers expect policy alignment following the recent federal government tax reforms.
He said Nigeria’s economy had long been dominated by crude oil exports.
He said that statistics showed that Nigeria’s overall GDP grew by 3.40 per cent in 2024.
It stated, “This alignment underscores that Nigeria’s economic trajectory is not merely theoretical but is grounded in observable realities.’’
The director-general of MAN, Segun Ajayi-Kadir, said in a statement that the manufacturing sector was already beguiled by many challenges.
Francis Meshioye, MAN president, said this in the association’s first-half economic report on Monday in Lagos.
According to him, reneging on these legally binding contracts potentially undermines the CBN’s credibility.
“And so we must make this sector attractive to investors and to lenders.”
A former MAN chair gave the commendation in an interview on Monday in Ota, Ogun.
