Nigeria: Foreign Loans - Prioritise Manufacturing, Society of Engineers Urges Govt

15 September 2016

Abuja — The Nigerian Society of Engineers (NSE) has urged the federal government to give priority to the manufacturing sector in its foreign loan procurement, saying the emphasis on infrastructure development will not help the national economy to attain the vibrancy to compete in the global economy.

Giving the advice in Abuja wednesday, the NSE said that instead of borrowing to spend solely on capital projects or infrastructure as stated by the government in its 2016 budget, it should give high priority to spending to rebuild the manufacturing sector.

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