Manufacturers in Nigeria are not happy!

#1 · September 11, 2021, 10:16 PM

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Manufacturers in Nigeria are not happy on many things.

“Majority of respondents, 95 per cent, agreed that multiple and overregulation by government agencies have depressing effect on manufacturing productivity. Three per cent of respondents are not sure while the remaining two per cent simply disagreed...With the Monetary Policy Rate standing currently at 11.5 per cent, there may not be credible reason the average lending rate to manufacturers by the banks is still as high 22 per cent as revealed by MAN survey of the sector,” Manufacturers Association of Nigeria (MAN)

#2 · September 12, 2021, 5:02 AM

Even if we're to toil with anybody, it should not be this set. They are the engine of Growth. Forget services, if these guys are not present we would flop!

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In a piece I wrote, ''Promoting Industrialization in Nigeria", I mentioned, "AfCFTA holds no value if there is no manufacturing in the continent".

Strength to this MAN.

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Manufacturers in Nigeria are not happy!

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