Adverse Effects on Manufacturers as GDP Growth Declines - MAN The Manufacturing Association of Nigeria(MAN) is foreseeing a situation where more operators in the manufacturing sector would close down and create more shock in the economy. The director general (DG) of MAN, Segun Ajayi-Kadir, observed that,...

Made-in-Nigeria Products Decline By 27% To N7.4trn   The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 per cent between 2017 and 2021. According to a five-year data obtained from the Manufacturers Association of Nigeria (MAN) N9.43 trillion worth of goods were manufactured...

N10/litre Excise Duty’ll Hurt Output, Revenues - MAN     The introduction of excise duty of N10/liter on non-alcoholic, carbonated and sweetened beverages by the Federal Government will likely cause a 0.43 per cent contraction in output and about 40 per cent drop in total industry revenues...

Nigeria Imports N13.7trn Manufactured Goods In Nine Months   Manufactured goods valued at N13.7tn were imported into Nigeria from January to September this year, data from the National Bureau of Statistics show. The country exported N757bn worth of manufactured goods in the nine-month period, accounting for 0.06...

Petrol Price Hike Inevitable, Says MAN       The Manufacturers Association of Nigeria says increase in the price of petrol is inevitable. The Director General of MAN, Segun Ajayi-Kadir, stated that regardless of the arguments around subsidy removal and the potential effect on the cost of production and...

COVID-19, Forex Forced 415 Firms Out Of Production – MAN       The foreign exchange restriction by the Central Bank of Nigeria and the COVID-19 pandemic forced 415 companies to stop manufacturing in the last one year, the Manufacturers Association of Nigeria has said. The Director-General, MAN, Mr...