MAN blames decay in infrastructure, high interest rate for death of local industries

The National President of the Manufacturers

Association of Nigeria has blamed decayed

infrastructure and high interest rate as being

responsible the death of some local

industries and he wants government to

correct the situation.

The MAN President, Jacobs Udemba stated

this while speaking with newsmen in Ilorin,

Kwara state, shortly after inspecting a local

industry under construction.

He noted that locally made goods can

compete in the international market but

government has to assist with provision of

infrastructure and also compel commercial

banks to bring down the interest rate.