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Our vision: Exporting for sustainable development and job creation
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We Promote The ECOWAS Partnership |
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About
MANUFACTURERS ASSOCIATION OF NIGERIA EXPORT PROMOTION GROUP (MANEG)
The Export Promotion Group of Manufacturers Association of Nigeria, called MANEG in brief, is a Sectoral Group of MAN, made of all the exporters of the Association from all the Sectoral Groups. MANEG is managed by The Executive Committee of the Group made of experienced persons of high position in the exports of their companies. We are the largest group of manufacturing exporter companies in Nigeria with the largest non-oil exports of products manufactured in Nigeria. We strongly believe that Nigeria’s export future, in non-oil exports, lies in an economically developed Africa in general and the development of a totally free ECOWAS zone. We aim in developing strong economic, communication and information ties with all African countries as the medium for achieving good and beneficial relationship as recognised by the African Union Treaty.
About Nigeria’s non-oil exports
The
figures about the non-oil exports, of goods
manufactured, are appallingly and insensibly
low, just below 0.2%, while commodities and
primary products are about 1.3%. These unfortunate
facts are due to bad or inconsistent export
policies and non existence of proper strategies.
Understanding export behaviour is quite complex as a myriad of micro-firm, product-specific,
or sector specific
factors on the one hand, and micro factors on
the other hand, influence export growth potential.
A country that exports its primary raw materials
is bound to be poor.
To
succeed in exports macro-economic strategies
should be put in place, considering that:
Incentives
must be well conceived, meaning that the main
objectives should be to encourage the use of
the locally available raw material at the optimum,
in manufacturing a finished product and by creating
to the maximum new job opportunities.
There
must be effective rates of incentives varying
according to export priorities.
A
nation that develops its manufactured exports
creates a protection from imports.
Why
manufactured products should be given the highest
incentives in exports
America’s
economists say that every $1.00 in manufactured
goods generates an additional $1.43 worth of
additional economic activity - more than any
other economic sector.
Moreover
Manufacture is the best engine for economic
growth, for the following reasons:
Moreover
assisting manufacturing exports will eventually
remove the anti-export bias and facilitate the
path for liberalisation which now is impossible
for Nigeria to embrace. Globalisation is here
and there is need to reach for liberalisation.
What our Expert Economists fail to appreciate
World’s
Industrial Revolution, the industrial development
of Unite State of America, The fast recovery
of Germany after the Second World War, the Japanese
miracle, the Asian Tigers economic growth and
the present Chinese phenomenal growth, are all
based on good and successful export policies,
strategies and planning.
When we told the Minister of Finance that only high export incentives to manufacturing sector with high local value addition and high local content will propel growth, she said the Nation cannot afford to give high incentives to exporters . When we said that the cost of incentives will be paid by the wealth it will generate. She said: we shall have to make our own calculations. When we complaint that the manufacturing sector suffers from a cost disadvantage of up to 35% as evidenced and documented by UNIDO and our Association, she said she was not sure about that.
When
we cried out with several written letters
to various authorities about the forthcoming
abuses of the January, 2003 fiscal policies
on incentives, no one listened. The end result
was that incentives were stopped, a ‘redesign’
of incentives was ordered and till now we
try to fathom how much the new reduced incentives
harm manufactured exports
© 2008 Copyright. MAN Export Promotion Group. All rights reserved. Webmaster: webmaster@nigerianexporter.org |
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Members of executive committee and secretariat |
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GROUP SECRETARIAT c/o Nigerian Foundries Ltd. 1, Adeyemi Bero Crescent, Ilupeju Industrial Estate, Lagos, Nigeria.
P.O.BOX 670 Ikeja, Lagos, Lagos State, Nigeria exe-secretary@nigerianexporter.org
GROUP CHAIRMAN Mr. Romeo V. Barberopoulos Vice Chairman and
Government Relations Committee
2nd Vice Chairman
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