PPPs ‘ll promote inclusive growth, development in Nigeria- Don

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By Ibukun Emiola
Ibadan, Aug. 16, 2022 (NAN) Prof. Dung Pam Sha, the Director of Research, National Institute for Policy and Strategic Studies (NIPSS), Kuru near Jos, says Public Private Partnership (PPP) is an innovative that will promote inclusive growth and development in Nigeria.

Pam Sha made this assertions on Tuesday at the 39th Annual General Meeting (AGM) of Manufacturers Association of Nigeria (MAN), Oyo, Osun, Ondo and Ekiti States branch in Ibadan.

Theme of the AGM was: “Sustainable Public Private Partnership: Disruptive Innovation for Inclusive Growth.”

Pam Sha, also a Professor of Political Economy and Development Studies in NIPSS, said: “The state and private sector actors must be patriotic in using PPP to build Nigeria.

“PPP fosters economic growth by developing new investment opportunities and increasing provision of public goods and services.

“MAN members should have a good understanding of the PPP econ-system and their workings.

“Members must understand the reform objectives of the government and policy environment, the legal, regulatory and institutional frameworks.

“Others are financing requirements and resources in the sector.”

In his remarks, the Acting Governor of Oyo State, Adebayo Lawal, said that MAN has a role to play in jobs creation in the country.

Lawal urged the association to redirect its activities toward promoting economic growth of the state and the nation at large.

He said that the state government had been making efforts toward ensuring an enabling business environment by tackling insecurity in the state.

“The Federal and State Governments, as well as other relevant agencies, should synergies to fashion out strategies to stabilise and improve Nigeria’s economy,” the deputy governor said.

Earlier, Mr Mansur Ahmed, the President of MAN, said the manufacturing sector had been acknowledged as the highest contributor to jobs and wealth creation, skill development and technology transfer.

“At the regional and continental levels, we are upscaling our advocacy radar by promoting industrialisation and integration in West Africa through the Federation of West African Manufacturers Association (FEWAMA).

“We are also facilitating cooperation amongst African Manufacturers in the promotion and protection of interests of the manufacturing industry in Africa through the Pan-African Manufacturers Association (PAMA).

“We hope to achieve a cross-border value chain and scale production to ensure those African made products are traded in the continental market,” Ahmed, represented by Francis Mesioye, the Vice-President, Lagos branch, said.

Also, Mr Lanre Popoola, the branch Chairman of MAN in Oyo, Osun, Ondo and Ekiti, said businesses were still struggling, adding that the environment was still very challenging and toxic.

“In spite of all economic policies introduced by various arms of government and their agencies, multiple issues: like hike in petroleum prices, unstable power and forex are still very prevalent and these issues make economic planning very complicated.

“The inability of government to harmonise the taxes of Local and State Ministries, Departments and parastatal Agencies poses another challenge for manufacturers to budget effectively.

“Also, over zealous consultants set on reaching targets to the detriment of manufacturers who have been classified as ‘cash cows and golden geese’ is another challenge being faced by manufacturers.

“However, the responsiveness of government to our advocacy drive under the states that we cover is highly commendable, but as the proverbial Oliver Twist, we shall always ask for more incentives and concessions,” Popoola said.

In their goodwill messages, the representatives of the Ondo, Osun and Ekiti States appreciated the association, identifying value addition as a missing gap in its activities.