Inflation: Manufacturers’ unsold goods jump 22% in one year

Rising prices in Africa’s biggest economy are making many products unaffordable as manufacturers’ inventory of unsold goods rose by 22 percent in one year, according to the Manufacturers Association of Nigeria (MAN).

In the association’s latest half-yearly review report, inventory of unsold finished products in the manufacturing sector increased to N469.7 billion in 2022 from N384.6 billion in 2021.

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