The Manufacturers Association of Nigeria (MAN) has cautioned the Nigerian government against demarketing local industries.
The association warned government agencies, major actors, and regulators in the oil and gas sector of the economy linked to the Dangote Refinery saga.
Segun Ajayi-Kadir, the Director General of MAN, said government agencies should promote a fertile business environment for local investments to thrive.
Kadir said no regulatory agency should be in a quandary with homegrown investments like the Dangote Refinery.
He described the allegations of inferior quality products and monopolistic tendencies levelled against Dangote Refinery by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) as baseless.
The DG underscored the pivotal role of local investors in Nigeria in driving economic growth, tax payment, job creation and development within the country.
He reiterated that these investors deserve and urgently need support and protection to thrive in the business environment.
He mentioned that businessmen and investors like Alhaji Aliko Dangote should be supported and encouraged to invest more.