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MAN
The Manufacturers Association of Nigeria (MAN) has urged for equitable regulatory frameworks to safeguard the interests of both consumers and manufacturers.
The Manufacturing Association of Nigeria (MAN) has reported a concerning trend within the industry, revealing that about 767 manufacturing companies shut down operations while 335 experienced distress in 2023.
MAN has asked the CBN to work towards reducing the number of Bureau De Change (BDC) operators and develop a sustainable framework.
The Manufacturers Association of Nigeria (MAN) has said that the forex crisis and high inflation in the country will limit its performance in Nigeria till mid-2024.
Mr. Lekan Adewoye has said the new CBN directive removing the restriction on access to 43 items for imports will kill the manufacturing industry that is barely struggling to survive.
MAN has called on the government to urgently come up with comprehensive policies that will address lingering constraints limiting local production in the country.
Odiri Erewa-Meggison, the Chairman of the Export Promotion Group within the Manufacturers Association of Nigeria (MAN), has expressed that the current period is the most challenging in the history of the manufacturing sector.
Manufacturing stakeholders have told Nairametrics that the waiver on diesel value-added tax (VAT) though good, is only a short-term relief, especially for manufacturers who are reliant on the commodity.
Manufacturers' investment in alternative energy sources during the first half of 2023 decreased by 21.1%, totaling N60.47 billion.
Eric Umeofia has alleged that bank officials demand a compromise payment of N50 or N70 to a dollar from importers or manufacturers.
The Manufacturers Association of Nigeria has revealed that a total of 3,567 jobs were lost in the sector in the first six months of 2023.
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr. Ajayi Kadiri has said the manufacturing sector in the country is currently bleeding as a result of the state of the economy in recent times.