Unsold goods hit N2.14trn in 2024; MAN cites weak demand, high production costs - Daily Trust

Unsold goods hit N2.14trn in 2024; MAN cites weak demand, high production costs - Daily Trust

As manufacturers put output at N7.8trn   The inventory of unsold finished goods in Nigeria surged by 87.5 per cent to N2.14 trillion in 2024, the Manufacturers Association of Nigeria (MAN) disclosed yesterday. MAN said the surge was driven by weakened consumer demand, escalating production costs, and declining purchasing power. The Director General of MAN, Segun Ajayi-Kadir, disclosed this in the association’s second half of 2024’s economic revi…

Weakened Demand And FX Pressure Drive Inventory Of Unsold Goods To N2.14tn

The inventory of unsold finished goods in Nigeria’s manufacturing sector rose to N2.14 trillion in 2024 as subdued consumer demand and persistent foreign exchange pressure continue to erode sales across key industries. The spike represents a major setback for manufacturers already contending with rising input costs and tightening access to credit. According to the Manufacturers […] The post Weakened Demand and FX Pressure Drive Inventory of Unso…

Huge Loss As Manufacturers’ Unsold Inventory Skyrockets To N2.14trn

A weakened consumer demand, escalating production costs and declining purchasing power pushed the value of unsold manufactured goods to N2.14 trillion in 2024 from about N1.142 trillion in 2023.…The post Huge Loss As Manufacturers’ Unsold Inventory Skyrockets To N2.14trn appeared first on The Liberation News Nigeria.

MAN Records N2tn Unsold Finished Goods - Economic Confidential

The Manufacturers Association of Nigeria (MAN) has reported a rise in the amount of unsold finished goods in 2024.

Nigerian Manufacturing Sector ShowsResilience Amid Economic Challenges In 2024 - MAN DG, Ajayi-Kadir » News.ng

Nigeria’s Manufacturing Sector Shows Cautious Resilience Amid Economic Headwinds in 2024. Nigeria’s manufacturing sector demonstrated cautious resilience in 2024, despite facing significant economic headwinds, according to the annual manufacturing sector review released today by the Manufacturers Association of Nigeria (MAN). The comprehensive report highlights modest growth in capacity utilisation and output amid persistent challenges, includin…

Declining Consumer Demand Pushes Unsold Inventory To ₦2.14trn

… Manufacturers Spent ₦1.11trn On Alternative Energy The Manufacturers Association of Nigeria (MAN) has reported a significant surge in unsold finished