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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...

MAN Warns FG, Says N77trn Debt may Halt Tinubu’s Economic Plan

MAN Warns FG, Says N77trn Debt may Halt Tinubu’s Economic Plan Nigeria's estimated N77 trillion debt burden is likely to stifle President Tinubu's economic plans, says the Manufacturers Association of Nigeria (MAN). The manufacturers also lamented that the sector has been at the receiving end of...

Manufacturers Spent N119bn To Generate Power In Nine Years

Manufacturers Spent N119bn To Generate Power In Nine Years   Expenditure by manufacturers on alternative energy sources (excluding power from distribution companies) jumped by 82 per cent, from N25bn in 2014 to N144bn in 2022. This is according to data collated from the annual and bi-annual reports...