i.
Manufacturers Association of Nigeria (MAN)
Manufacturers Association of Nigeria (MAN) is a national industrial association
serving and representing nearly 2000 companies in private and public sectors in
manufacturing, construction and service sectors of the national economy.
With its Corporate Headquarters at 77, Obafemi Awolowo Way, Ikeja, a liaison
office at Abuja and twelve branches nationwide, MAN has become a force to be
reckoned with as a veritable umbrella for coordinating the activities of
manufacturers. Through its representative membership, the Association serves and
acts as a central point of reference for government and others who seek the view
and reactions of manufacturers on matters of socio-economic importance. The
Association, among other things, advises, consults and where necessary, joins
issues with government and other bodies on matters that affect its members. MAN
is the acknowledged representative of the manufacturing sector in Nigeria.
Through its National Council and the Secretariat, the Association provides a
variety of specialized services to individual members.
MAN came into existence in May 1971, through the initiatives of Ikeja and Apapa
Manufacturers Associations and other manufacturers in various industrial areas in
Nigeria. They were convinced that the manufacturing sector could only assume its
rightful role in the development of the economy if an association, fully
representative of manufacturers in Nigeria, was established.
The establishment of the Association was motivated by the desire to have a focal
point of communication and consultation between industry on the one hand, and
the government and general public on the other.
Driving from the set objectives of its establishments and services, MAN provides
many benefits in advancing business in Nigeria which includes:
Provide for small business all over Nigeria the means of formulating,
making known and influencing general policy in regard to industrial, labour,
social, legal, training, and technical matters;
To develop and promote the contribution of small businesses organisation
through the national economy by empowering them from the government,
To encourage a high standard of quality of members’ products through the
collective and circulation of useful information and the provision of advice;
To encourage the patronage of members’ products by Nigerians and by
consumers in foreign countries;
To communicate and liaise with kindred and other business bodies or firm,
in the accomplishment of the objectives of the Association and on subjects
of common interest.
Q2. RAW MATERIALS RESEARCH AND DEVELOPMENT COUNCIL
(RMRDC)
The Raw Materials Research and Development Council (RMRDC) is a parastatal
under the Federal Ministry of Science and Technology (FMST) vested with the
mandate to promote the development and utilization of Nigeria’s industrial raw
materials. Why RMRDC Was Established
• To serve the interests of industry/private sector by facilitating the sourcing,
development and utilization of local raw materials by manufacturers.
• To provide information to enable government formulate appropriate policies for
local raw materials development and utilization.
• To reduce the expenditure on raw materials imports, conserve foreign exchange
by ensuring increased productivity, capacity utilization and sustainable industrial
growth which in turn create millions of jobs. Our Vision To be an Indispensable
Catalyst for Industrial Growth and Development in Nigeria. Our Mission To
Promote the Development and Optimal Utilization of Nigeria's Raw Materials for
Sustainable Industrial Growth.
Q3. NIGERIA EXPORT PROMOTION COUNCIL
The contribution of Nigerian Export Promotion Council to Nigeria small business:
i. To maintain adequate and effective representation in other countries.
ii. To provide, directly or jointly, with training institutions, training for its staff and assist with
the manpower development of the export community in Nigeria.
iii. To organize and plan the participation of Nigeria in trade fairs and exhibitions.
iv. To administer grants and other benefits related to export promotion and development.
v. To undertake studies of the current economic conditions, with special attention to the
export sector with the aim of advising government on necessary policies and measures.
Q4. The Nigerian Export-Import Bank (NEXIM) The Nigerian Export and Import Bank
have played an important role in the Nigerian economy by making funds readily available for local
investment in Nigeria.
At its inauguration, the Nigerian Export and Import Bank were assigned a number of functions, believing
the Nigerian Export and Import Bank will attain the goals to which it was established through the
execution of its functions.
In this article, as I said earlier, we are going to look at these statutory functions of the Nigerian Export
and Import Bank together.
Q5. PROFITS HAS TO COME BEFORE RESPONSIBILTY
Profits has to be met in a business before responsibility follows, the main aim of establishing business is
to maximized profits and minimized lost this can only be done by doing the needful thing, we can't be
overwhelmed in this Questions, but they both work hand in hand, below are the following key terms;
1. Economic value added suggests that a principal challenge for a business is balancing the interests of
new parties affected by the business, interests that are sometimes in conflict with one another.
Alternate definitions state that a business’ principal purpose is to serve the interests of a larger group of
stakeholders, including employees, customers, and even society as a whole.
Many observers hold that concepts such as economic value added are useful in balancing profit -making
objectives with other ends.
Social progress is an emerging theme for businesses. It is integral for businesses to maintain high levels
of social responsibility.
Key Terms
corporation: A group of individuals, created by law or under authority of law, having a independent of
the existences of its members, and powers and liabilities distinct from those of its members.
stakeholder: A person or organization with a legitimate interest in a given situation, action, or
enterprise.
corporate social responsibility (CSR): A company’s sense of responsibility towards the community and
environment (both ecological and social) in which it operates. Companies express this citizenship (1)
through their waste and pollution reduction processes, (2) by contributing educational and social
programs and (3) by earning adequate returns on the employed resources.
