Nigeria’s manufacturing woes worsen joblessness

Despite the potential to take millions of people out of poverty through job and wealth creation, Nigeria’s manufacturing sector is bedevilled by major problems that have continued to stall industrialisation in Africa’s biggest economy.

Problems such as foreign exchange scarcity, high borrowing costs, inadequate infrastructure, policy inconsistency, and insecurity have left the country’s manufacturing struggling for years and gasping for breath.

BUSINESS DAY: Read More