MAN and UNIDO Raise Alarm Over Nigeria's Manufacturing Sector Decline
The Manufacturers Association of Nigeria (MAN) and the United Nations Industrial Development Organization (UNIDO) lamented the decreasing role of Nigeria's manufacturing sector in the GDP over the past decade. MAN's President, Francis Meshioy, highlighted the urgent need for a shift from product consumption to production to revitalize the economy.
The decline in industrial share of GDP and negative growth in the manufacturing sector pose challenges to Nigeria's economic transformation and resilience. The call for prioritizing patronage of locally-made products underlines the importance of supporting local manufacturing for sustainable economic development.
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