demand, disruptions in supply chains, foreign exchange illiquidity, limited access to credit... demand, disruptions in supply chains, foreign exchange illiquidity, limited access to credit, power shortages, regulatory burdens and escalating production costs.
The issues were expressed during the sixth anniversary of St Rachel’s Pharma in Lagos. The Director General of the Lagos Chamber of Commerce and Industry , Dr Chinyere Almona, said Nigeria’s manufacturing sector is at a crucial juncture, facing significant challenges, yet possessing untapped potential.
Almona advocated for a comprehensive approach to address these issues, including revisiting policy measures, laws, and regulations to stimulate investment, improve infrastructure, and cultivate a more favorable business climate. He urged enhanced governmental support and investment in the local pharmaceutical sector, emphasising the need for long-term financing and regulatory reforms to promote growth and create a more supportive business environment.
demand, disruptions in supply chains, foreign exchange illiquidity, limited access to credit...