Kamar Bakrin, Executive Secretary of the NSDC, stated that Nigeria must reduce high production costs to remain competitive in domestic and African markets. He highlighted issues such as electricity costs, financing rates, and logistics that hinder industrial growth.

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NSDC Nigerian Manufacturing Cost Challenges
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Nigeria Must Reduce Production Costs to CompeteBlueprint
Business11h ago
NSDC Calls for Reduction in Nigeria's Production CostsKamar Bakrin, Executive Secretary of the NSDC, urged Nigeria to reduce high production costs to remain competitive in domestic and African markets. He highlighted issues like electricity costs and financing rates, proposing key policy actions to enhance industrial competitiveness
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Business20h ago
High Production Costs Hinder Nigeria's Manufacturing SectorKamar Bakrin, Executive Secretary of the NSDC, stated that high production costs make Nigerian factories uncompetitive compared to those in Vietnam and China. He highlighted issues such as electricity costs and logistics, emphasizing that these challenges hinder manufacturing gro
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