Manufacturers Grapple with Soaring Inventory as Unsold Goods Hit N2.14tn Amid Harsh Economic Climate
The Nigerian manufacturing sector is currently under immense pressure as the value of unsold finished goods surged to an alarming N2.14 trillion in 2024, a sharp 87.5 per cent rise compared to the previous year. The Manufacturers Association of Nigeria (MAN), which disclosed the figures in its economic review for the second half of the