How FX challenges affects manufacturing sector – DG, MAN

  • The Nigerian Manufacturers Association has revealed how the government is supporting the industry with accessible loans
  • This is in consideration of the macroeconomic difficulties brought on by the fluctuations in foreign exchange rates
  • According to the MAN DG, one of the government’s primary forms of assistance is the credit set aside specifically for the industry

The Manufacturer Association of Nigeria (MAN) has disclosed how the government provides affordable credit to support the sector given the numerous challenges businesses face in the country.

Ajaji Kadir, Director General and CEO of MAN said this is in light of the macroeconomic challenges due to the volatility in foreign exchange rates at the Norrenberger Economic Outlook titled, “Nigeria: Beyond the reforms”