Over 400 Factories Shut In Past One Year-Man

Over 400 manufacturing firms were forced to close production in the past one year, according to the Manufacturers Association of Nigeria (MAN).

The association’s director-general, MAN, Segun Ajayi-Kadir disclosed this at MAN’S 50th-anniversary cake-cutting event, said some of the manufacturers have resumed production

But he lists, the continued scarcity of foreign exchange and supply-side constraints are the two biggest hiccups facing industries in the country.

Ayayi-Kadiri also says that infrastructure deficit, power, transportation, acquisition of lands, multiple taxes and levies from different tiers of government, and inconsistent government policies were other challenges facing manufacturers

YOU CAN ALSO READ: SON shuts four steel factories over non-compliance to standards

DOWNLOAD THE ROCKCITYFM APP AND LISTEN LIVE

Please subscribe to our newsletter

CONTACT US

Do you have any request or enquiry? Do not hesitate to send us an email and we'll get back to you, asap.

Sending

©2021 RockcityFM The Voice of the People

Need Help? Chat with us
or

Log in with your credentials

or    

Forgot your details?

or

Create Account