- The Manufacturers have voiced concerns about the 35% total loan rates that commercial banks impose
- It stated that this will make inflationary pressures worse and discourage investment in the industrial sector
- MAN criticised the CBN’s monetary policy committee (MPC) for its “erroneous disposition” in addressing inflation
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Concerns have been expressed by the Manufacturers Association of Nigeria (MAN) regarding the 35% aggregate lending rates that commercial banks charge. It opined that this will exacerbate inflationary pressures and deter industrial sector investment.
