Manufacturers start 2019 with N149bn unsold goods — MAN

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Manufacturers start 2019 with N149bn unsold goods — MAN

THE Manufacturers Association of Nigeria (MAN ) said inventory of unsold manufactured goods stood at N149.23 billion at the end of 2018, down by N10.36 billion (6.9 percent) from N159.59 billion in the corresponding period of 2017. The Association blamed the problem of huge unsold goods on “low real consumption due to inflationary pressure; smuggling, counterfeiting and cloning of Nigerian manufactured products as well as high cost operating environment.”

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