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Manufacturing sector's GDP contribution falls to N1.49trn
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Manufacturing sector’s GDP contribution falls to N1.49trn

In the second quarter ended June 2023, the manufacturing sector contributed N1.5 trillion to Nigeria’s GDP in real terms. This marks a 17.24 percent decrease from the N1.8 trillion contribution recorded in the first quarter of the year. According to the Nigerian Bureau of Statistics, the country’s GDP expanded by 2.51% in Q2’23, compared to […]

How manufactured goods imports gulp $6.7bn in six months – Report
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Cash crunch: Manufacturers lament unsold goods worth N470bn

The bi-annual economic review of the Manufacturers Association of Nigeria shows that the drop in purchasing power of Nigerians for Nigerian manufactured goods was worsened by the cash crunch that hit the economy in the first quarter of 2023. According to Vanguard, analysis of the report shows that the rise in inventory is despite a […]