Nigerian Manufacturers Lament Worsening Condition of Manufacturing Sector

Economic recovery fails to ease inflation’s grip on Nigerian manufacturers – Businessamlive

Onome Amuge Nigeria’s business environment registered a marginal improvement in April, yet a deeper analysis reveals a growing divergence, with the manufacturing sector facing the most acute inflationary pressures that threaten to undermine broader economic gains. The latest NESG-Stanbic IBTC Business Confidence Monitor (BCM) showed a modest rise in the Current Business Index to +12.29, up from +6.58 in March, indicating a slight improvement in …

Nigerian Manufacturers Lament Worsening Condition of Manufacturing Sector

By Adedapo Adesanya The Manufacturers Association of Nigeria (MAN) has decried the worsening condition of manufacturing in Nigeria’s economy as the sector delivered a 1.38 per cent growth in 2024. The group has, therefore, called on stakeholders to reevaluate their service delivery systems by adopting a forward-looking strategies to aligned with the nation’s evolving industrial […]