…to raise capitals for economic growth
The President of the Manufacturers Association of Nigeria (MAN) Dr Frank Jacobs has confirmed that at least three of their members are currently working with the NSE on enlisting on the Exchange.
According to him, The MAN’s move to collaborate with the Nigerian Stock Exchange (NSE) is fostered from the need to grow the manufacturing sector and in turn the economy.
Dr. Jacobs who disclosed this in Lagos on Wednesday at the floor of the Exchange during the ceremonial bell ringing also promised to encourage many more members to get enlisted.
Speaking on the essence of his visit to the capital market, Dr Jacobs noted that the association sees the Stock Exchange as a window that is available for members to use in conquering major challenges facing them.
Dr Jacobs described his experience on the floor of the Exchange as very interesting and exciting. “Its a big opportunity for us, its a big opportunity for our economy”, he noted.
While expressing optimisms about the nation’s economy getting out of recession, he believed the collaboration between the manufacturers association and the NSE will address the issues.
“It will help grow the manufacturing sector which will in turn grow the economy and get us out of recession”, he emphasised.
He lauded the efforts of the government and the Central Bank in addressing the shortage of forex which he alluded to the fall in global price of crude oil and the activities of the militants in the Niger Delta.
He agrees that accessibility of forex by the manufacturers will boost the economy in no time.