The Manufactures Association of Nigeria says the acts of vandalism going on in the Niger Delta region of Nigeria amount to sabotage on the efforts of government to move the country forward.
President of the association, Dr Frank Jacobs disclosed this in an interview with State House Correspondents, after a courtesy visit with Vice President Yemi Osinbajo.
He appealed to the Niger-Delta militants to sheave their swords and embrace peace.
“We are concerned about the challenges in the Niger-Delta area, where the militants are sabotaging the economy of this country. We are using this opportunity to ask them to drop their weapons for the interest of this country,” Dr Jacobs appealed.
He, however, said the association would collaborate with the Nigerian government to improve the economy of the country.
“We believe that diversification of the economy is the best way to go now, giving what is happening in the oil world. We are keying into government’s policy on diversification. We are doing our best to increase our capacity,” he said.
The President said the association would contribute a lot to the economy of the country, as he appealed to government to provide the enabling environment for businesses to thrive.
“We need something to be done in the area of infrastructure, power, railway and roads network; we also need something to be done in the area of interest rates. For instance in some cases it’s more than 20 percent and that does not encourage manufacturers. So we are hoping that the monetary policy will be such that will find a way of reducing the rates that are obtainable elsewhere,” he recommended.