Manufacturers face crisis as Naira float drives forex scarcity, costs surge

Manufacturing firms under the auspices of the Manufacturers Association of Nigeria (MAN) are groaning over the effect of Naira float on their respective businesses.

The chairman of the Ogun State Manufacturers Association of Nigeria (MAN), Mr. George Onafowokan frowned at the unprecedented crisis facing Nigeria’s manufacturing sector following the government’s decision to float the naira in 2023.