Manufacturing Crisis Grips Nigeria as 767 Companies Shut Down in 2023, N350 Billion Goods Unsold
The Manufacturing Association of Nigeria (MAN) has disclosed a troubling trend within the industry, indicating that a staggering 767 manufacturing companies ceased operations in 2023, with an additional 335 facing distress. This alarming development underscores the severe economic challenges confronting the manufacturing sector, including exchange rate instability, surging inflation rates, and an overall deterioration in […]
