Manufacturers sell below production cost to offload N2trn unsold inventory

By Yinka Kolawole Manufacturers in Nigeria are increasingly selling products below production cost in a desperate bid to clear nearly N2 trillion worth of unsold inventory, underscoring the severe cost pressures and weak consumer demand confronting the country’s industrial sector. Findings by the Manufacturers Association of Nigeria (MAN) show that while manufacturers have recorded modest improvements […] The post Manufacturers sell below production cost to offload N2trn unsold inventory appe...

By Urowayino Jeremiah