The Manufacturers Association of Nigeria (MAN) and the Association of Ghanaian Industry (AGI), on Thursday, signed a memorandum of understanding (MoU) to facilitate exchanges and joint actions for a conducive atmosphere for the operation of manufacturing business in both countries.
Dr Frank Jacobs, Outgoing President of MAN and Dr Yau Agyei Gyamfi, President Association of Ghanaian Industry signed the MoU at the 46th Annual General Meeting of the manufacturers Association of Nigeria in Lagos.
The MoU serves to form the nucleus of a coalition of manufacturers across West Africa.
Going forward, Mr Segun Ajayi- Kadri, Director-General, MAN, said both associations would together embark on joint activities, experience sharing of business initiatives and technical assistance and cooperation.
“It promises to engage government to encourage policies that will promote trade relations between the two countries and remove barrier of trade first between the two and thereafter across the west African sub-region,” he said.
Ajayi-Kadri revealed that the decision was arrived at after series of meetings in Lagos and Accra, saying that it has the full support and mandate of the entire membership of the two associations.
Meanwhile, the financial statement of the Manufacturers Association of Nigeria showed that it recorded an income of N1.35 billion for the financial year ended in Dec. 31, 2017, against N1.15 billion in 2016, translating to an increase of 17 per cent for the December 2017 financial year.
NAN
