The Manufacturers Association of Nigeria (MAN) has revealed that Nigeria’s nominal manufacturing output surged by 34.9% to $20.84 billion in the second half of 2024, primarily driven by mounting inflationary pressures and rising domestic prices.
This development was disclosed by the Director-General of MAN, Segun Ajayi-Kadir, during the release of the association’s “MAN Economic Review – Second Half 2024” on Monday in Lagos, News Agency of Nigeria (NAN) reports.
“Nominal manufacturing output rose sharply by 34.9 per cent to $20.84 billion, primarily due to inflationary pressures and rising domestic prices,” he said.
Read more at Nairametrics
This development was disclosed by the Director-General of MAN, Segun Ajayi-Kadir, during the release of the association’s “MAN Economic Review – Second Half 2024” on Monday in Lagos, News Agency of Nigeria (NAN) reports.
“Nominal manufacturing output rose sharply by 34.9 per cent to $20.84 billion, primarily due to inflationary pressures and rising domestic prices,” he said.
Read more at Nairametrics