The nation’s manufacturing sector is on a slippery slope no thanks to the lingering forex crisis currently having rippled negative effects on key economic fundamentals, The Nation has learnt.
Corroborating the foregoing, the Manufacturers Association of Nigeria (MAN) said that the challenges of inadequate foreign exchange and energy crisis have dropped the manufacturing output growth from 5.8 per cent in the first quarter of 2022, Q1 ’22, to 3.0 per cent in the second quarter, Q2’22.
Giving this insight was the Director-General of MAN, Mr Segun Ajayi-Kadir.
