The minister of finance, Okonjo Iweala, was noted to have asserted that the government is stabilizing the economy [
read more here] but the IPWA PLC managing director laments the retardation in the manufacturing sector [
read more here]. The combination of these begs the question. What manner of economic stability is compatible with a decline in the manufacturing sector and if such exists what implications does it have for the implications of monetary and fiscal policy on industrialization.