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Manufacturers Association of Nigeria

Nigerian manufacturers spend N76.7bn on power generation in six months

Nigerian manufacturers spend N76.7bn on power generation in six months

Yusuf Issa An-Nuphawi05 mins

Inadequate electricity supply remains a huge challenge to manufacturers, accounting for their huge investment in self-energy generation, which stood at N76.7 billion in the second half of last year.Manufacturers’ cost of self-energy generation increased from N45.04 billion in the corresponding half of 2021, indicating N31.66 billion or 70 per cent increase over the period. According…

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MAN threatens job cut, strike over excise duty increase

MAN threatens job cut, strike over excise duty increase

Yusuf Issa An-Nuphawi03 mins

The Manufacturers Association of Nigeria, MAN, has threatened industrial action and job cut over the increase in excise duty for sugary beverage and tobacco. According MAN, the increase duty puts the going concern of manufacturing companies at risk as businesses contemplate scaling down operations, factory closures and cutting of workforce. At a press conference on…

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