The manufacturing sector’s local raw materials sourcing increased to 53.5 per cent in the second half of 2022.
This was contained in the Manufacturers Association of Nigeria (MAN) Bi-Annual Economic Review for second half (H2) of 2022.
The manufacturing sector’s local raw materials sourcing increased to 53.5 percent in the second half of 2022 from 50 per cent recorded in the corresponding half of 2022, indicating 3.5 percentage points increase over the period.
It also increased by 1.5 percentage points when compared with 52 per cent recorded in the preceding half. Local raw materials utilisation in the sector averaged 52.8 percent in 2022 as against 51.5 per cent recorded in 2021.
