2024 may not be positive, Nigerian manufacturers reveal

The Manufacturers Association of Nigeria, has stated that 2024 may not be a good year for the Nigerian manufacturing industry, at least not in the first half of the year.

According to Arise News, the declaration was contained in MAN’s “Manufacturing Sector Outlook for 2024,” which was released on Tuesday by MAN’s Director General, Mr. Segun Ajayi-Kadir.

It pleaded with the government to recognize manufacturing as a key driver of sustained economic growth in the country and to give the sector the priority that it deserved.

According to MAN, “Based on the observed trend, it is clear that the outlook for the manufacturing sector in 2024 may not be positive, at least in the first half of the year.

“The period will be difficult, with a sliver of hope for recovery from the third quarter. The anticipated rebound is heavily reliant on policy stimulus backed up by a mix of domestic growth-driven, export-focused, and offensive trade initiatives. READ MORE

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