The Manufacturers Association of Nigeria (MAN) has reported an alarming accumulation of unsold goods valued at N1.4 trillion in 2024, attributing the situation to inflation and reduced consumer purchasing power.
Speaking at the 2025 Media Personality of the Year Award...
Nigeria’s manufacturing output rose by 30.38% year-on-year to N5.34 trillion in H1 2024, according to the Manufacturers Association of Nigeria (MAN). However, unsold inventories surged by 357.57% due to shrinking consumer purchasing power, inflation, and naira devaluation, hitting N1.24...
