Nigeriana.org News



Business & Finance

Dwindling Economy: Economist Wants Bailouts For Manufacturers

cmd

The director of Centre for Management Development (CMD), Lagos, Dr. Mike Onodje yesterday called on the federal government to provide bailout funds for manufacturers.

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.

ALSO READ:  Meet Tunji Babajide, Ayo Alex Alao, As The Two Exposit Business Innovations In Nigeria

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.


[Advertisement]
Make Money Online in Nigeria... Click HERE To Start Now!



Comments

comments

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending this week

To Top
Loading...