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Sterling, manufacturers partner to promote real sector investments

SterlingBankSterling Bank Plc, in collaboration with Manufacturers Association of Nigeria (MAN) and SpintelligentPty and Clarion Events Limited, is in partnership to support the manufacturing sector, as part of efforts to ensure a sustainable economic growth for the country.

Besides, MAN said it is organising an expo aimed at attracting foreign direct investment, support Nigeria’s Industrial Revolution, increase local production, support job creation and ultimately stimulate the growth and diversification of the economy for self-reliance and export of non-oil and gas products.

Speaking with journalists in Lagos, the Executive Director, Sterling Bank, Abubakar Suleiman, stated that the partnership with MAN was to support the manufacturing sector as it held the key to a sustainable economic growth and development of the state.

According to him, the support to the manufacturing sector and investment in the state would drive self-sufficiency and sustain the country’s status as the economic hub.

“We need to be proactive and look towards becoming self-sufficient by collaborating with the manufacturing sector, which obviously, holds the key to sustainable economic growth and development,” he said.

Ogunmefun, who was represented by the Director Corporate Affairs, MAN, Oluwasegun Osidipe said: “Our vision is to provide enabling environment for the manufacturers to thrive and to create employment and grow our GDP.”

According to him, what we are expecting through the exhibition is to create a platform, an international platform to showcase manufacturing machines, industrial machines, build capacity of plant managers, stimulate investment and promote made-in-Nigeria products in accordance with the provisions of the Nigerian industrial plan and also showcase a platform that will meet some expectations.

He noted that the current state of Nigeria’s economy demand that all eyes should be on MAN to ensure that we improve the manufacturing output and try our possible best to engages on what we called the backward integration.

“Training will be provided to plant managers, procurement officers, technicians and engineers to help their careers in the manufacturing sector, up skill their teams, increase their output and become more competitive locally and internationally,” he stated.

Sterling Bank however, added that it is committed to ensuring a continued business growth by providing the necessary services to grow businesses and the economy.



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