•Director General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has called for increased adoption of renewable energy solutions to address unreliable electricity supply and rising self-generation costs confronting manufacturers. Ajayi-Ka...
•Warri Refinery The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadiri, has urged the federal government to fully privatise the country’s state-owned refineries, describing them as a “pure drain on the Nigerian economy.” Ajayi-Kadiri, who was a guest on Channels Television last night, argued that the governm...
•MAN Director General, Segun Ajayi-Kadir The challenges facing the nation’s manufacturing sector seem to be gradually taking their tolls on the economy. For instance, in Year 2024 alone, over 18,000 jobs were said to have been lost; with a total of 767 companies shut down, as at 2023, due to the nation’s hostile business environment, […...
Manufacturers, under the aegis of the Manufacturers Association of Nigeria (MAN), have called on the nation’s commercial banks to stop harassing them over unmet foreign exchange (Forex) forward obligations. The association made the plea in a statement signed by its Director General, Segun Ajayi-Kadir, over the weekend. Clarifying the position ...
The Manufacturers Association of Nigeria (MAN) has blamed the subdued growth of the manufacturing sector in the third quarter of the year (Q3’24) on hostile economic policies of the government. Recall that the National Bureau of Statistics (NBS) in Q3’24 GDP report noted that the manufacturing sector was one of the least growing sectors during...
•Unsold goods in a warehouse The declining purchasing power of consumers has led to a 357.57 per cent rise in the inventory of unsold finished products of manufacturers in Nigeria to N1.24 trillion in the second half of 2024 (H1’24) compared to N271 billion recorded in the same period last year (H1’23). The Manufacturers Association […]...
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