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Manufacturers’ unsold goods topped N1.4trn in 2024 — MAN

Manufacturers’ unsold goods topped N1.4trn in 2024 — MAN

High inflation and reduced purchasing power of consumers led to more than N1.4 trillion unsold goods by manufacturers in 2024, the President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, has said. Meshioye disclosed this yesterday, in Lagos, at the 2025 Presidential Media Luncheon organized by the association. He stated: “In 2024, Nigeria’s manufacturing sector encountered …