Imo/Abia MAN chair advises members to embrace AsEM for cheap funds

MEMBERS OF THE IMO/ ABIA branch of the Manufacturers Association of Nigeria (MAN),have been advised to embrace the Alternative Security Exchange Market (ASEM),as an alternative window for raising cheap funds. The market was introduced to members with the aim of helping them to scale up their manufacturing and and businesses.

Nwabueze Jones Anyanwu, the branch chairman who is serving the last lap of his two-term regime, stated that the doggedness of his administration also resulted in the increased membership of MAN as many companies registered as full members.

The new members include JIUXING Integrated Industries limited, makers of agricultural vehicles, steel bins and structures, etc. Hi –tech Diagnostic limited, producers of pharmaceutical products including HIV kits, and Highest Investments and Marketing Co. Nig Limited, manufacturers of different kinds of ceramics and marble processing.

Others are Skyrun Global Investment Limited, which manufactures single/three phase prepared meters, meter boxes,electric irons and other electrical appliances, Phoenix Specialties Nigeria ltd that produces

drugs and other pharmaceutical products.

Nwabueze Anyanwu’s regime was able to also get the government of Imo state to a round table discussion which resulted in eliminating the multiple taxations imposed on manufacturing firms by various tax agencies of Imo state government.

These were contained in a document from MAN that was made available to business a.m. in Owerri.