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MAN Appeals to FG to Clear $7bn Debt to Boost Production 

MAN Appeals to FG to Clear $7bn Debt to Boost Production  The Manufacturers Association of Nigeria has urged the Federal Government to clear the current $7bn Forex Backlog to boost production. it said 2024 may not be a good year for manufacturers and that it foresees...

UNIDO Seeks FG Support for Local Manufacturers to Boost Economic Growth

UNIDO Seeks FG Support for Local Manufacturers to Boost Economic Growth The United Nations Industrial Development Organisation (UNIDO) has urged the Federal Government to support indigenous manufacturers to enhance production of made-in-Nigeria goods, which will in turn boost economic growth and development. The organisation noted that...

Inflation: Manufacturers’ Unsold Goods Rise 45% to N272bn

Inflation: Manufacturers' Unsold Goods Rise 45% to N272bn The Manufacturers Association of Nigeria (MAN) has revealed that the inventory of unsold finished products in the manufacturing sector rises significantly by 45.4 percent in the first half of 2023 (H1’23) to N271.96 billion from N187.08 billion...

Manufacturers Warn FG of Imminent N9,000 Hike in Cement Prices

Manufacturers Warn FG of Imminent N9,000 Hike in Cement Prices The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price...

Tinubu Commended for Attracting Investment to Iron, Steel Sector

Tinubu Commended for Attracting Investment to Iron, Steel Sector The Basic Metal, Iron and Steel Products Manufacturer, a sectoral arm of the Manufacturer Association of Nigeria, (MAN) has commended President Ahmed Bola Tinubu for his overwhelming performances and efforts towards the nation’s economic growth at...

MAN Says N77trn Debt May Stall Tinubu’s Economic Plan

MAN Says N77trn Debt May Stall Tinubu’s Economic Plan   The Manufacturers Association of Nigeria (MAN) has indicated that Nigeria’s estimated N77 trillion debt burden would likely truncate the economic plans of President Tinubu-led regime. The manufacturers also lamented that the sector has been at the receiving...