The director of Centre for Management Development (CMD), Lagos, Dr. Mike Onodje yesterday called on the federal government to provide bailout funds for manufacturers.
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Delivering a lecture on “Capital Structure and Performance of the Nigerian Manufacturing Sector” at the Nigerian Institute of Social and Economic Research (NISER), Ibadan, he said making make funds available for them would no doubt cushion the effects of the ongoing economic instability in the country.
According to him, government through the Central Bank of Nigeria (CBN) should adopt credit control measures to ensure that manufacturing companies don’t carry excessive leverage ratios.
He maintained that manufacturers across the country are currently facing hardship due to economic instability, hence the Federal Government should endeavor to provide bailout for them the way it did to assist state governments recently.
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