PRESIDENT of the Manufacturers Association of Nigeria MAN Dr. Frank Jacobs has confirmed that at least three of its members are currently working with the Nigerian Stock Exchange NSE to get listed on the Exchange. Speaking on the floor of the Exchange during the bell ringing ceremony, he said the move to collaborate with the Exchange was inspired by the need to grow the manufacturing sector and in turn the economy. Promising to encourage many more members to get enlisted, he noted that the association saw the Stock Exchange as a window to be used in conquering major challenges facing them. “It’s a big opportunity for us, it’s a big opportunity for our economy,” he said. Expressing optimisms about the nation’s economy getting out of recession, he said the collaboration between MAN 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 said. He lauded the efforts of the government and the Central Bank of Nigeria to address the shortage of forex which he said was caused by the fall in global price of crude oil and the activities of the militants in the Niger Delta. He noted that accessibility of forex by the manufacturers will speedily boost the economy.
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