Tag: MAN
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Manufacturers Face Crisis as Unsold Inventory Hits N1.24trn
The Nigerian manufacturing sector is experiencing an unprecedented crisis as unsold finished products inventory surged to N1.24 trillion in the first half of 2024, marking a 357.6 percent increase from N271 billion recorded in the corresponding period of 2023, according to the latest economic review by the Manufacturers Association of Nigeria (MAN). The alarming rise…