ABUJA – The Advocacy for Economic Integrity, an NGO, has called on the Federal Government to intensify efforts at improving power supply as a vehicle for tackling the manufacturing sector’s challenges.
The Director-General of the organisation, Mr Abdullahi Aremu, made the call on Friday in Abuja in an interview with the News Agency of Nigeria (NAN).
Aremu said the main challenge facing the economy was power, adding that without electricity very little could be done to move the economy forward.
“If we want to generate enough power to carry the economy we have to tackle corruption because corruption affects all aspects of our lives.
“Corruption has eaten deep into the fabric of our system. Our education, health and political systems are affected.
“After power, the next thing to face is corruption. If you can reduce corruption to the barest minimum, we will be on the right track,’’ Aremu said.
According to him, manufacturers are facing challenges of infrastructure, demand condition and competition with products imported from China and other Asian countries.
He said these challenges could be tackled by putting proper reforms, particularly in the power sector in place.
Aremu also said that there was the need to unlock the credit market to enable credit flow, a development, he said, would help the economy to regain its momentum. (NAN)
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