The manufacturing sector in Nigeria experienced a significant increase in production and distribution costs in the fourth quarter of last year, with expenses soaring by 18.2%. This substantial rise highlights the worsening impact of the macroeconomic environment on manufacturers.
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The President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye, has revealed that the country's manufacturing sector faced numerous challenges in 2024, including high inflation, a depreciating Naira, rising interest rates, and escalating electricity tariffs.
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Manufacturers Association of Nigeria (MAN) have solicited the support of both Nigerians and the government for Dangote Refinery, to enable it to perform optimally.
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The Manufacturers Association of Nigeria (MAN) has expressed concerns that 767 manufacturing companies shut down in 2023, as 335 others became distressed due to multidimensional challenges besetting the sector, warning that the implementation of the newly introduced Expatriate Employment Levy (EEL) will aggravate the already distressing situation.
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The Manufacturing Association of Nigeria (MAN), as part of its advocacy drive has further expressed concerns on some government policies which has been inimical to the growth of the domestic economy.
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National Wire findings showed that over ₦800 billion worth of investment in the alcoholic beverages sub-sector of the Nigerian economy will be loss if immediate action is not taken.
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The Manufacturers Association of Nigeria (MAN) has predicted a strugglinThe Manufacturers Association of Nigeria (MAN) has predicted a strugglin
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The Nigeria Automobile Manufacturers Association, NAMA, and the Manufacturers Association of Nigeria, MAN, have expressed dismay at the slow growth of the Nigerian automotive industry compared to some African countries.
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The Director General of Manufacturers Association of Nigeria (MAN),Segun Ajayi-Kadir, has reaffirmed that President Bola Tinubu signing of Executive Orders will prevent the looming existential threat on some sub-sectors in the manufacturing landscape
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