Manufacturers slash investment by 56% amid shutdowns

Between 2016 and 2021, manufacturers’ investments tumbled from N489.44 billion to N217.22 billion, according to data collected by the Manufacturers Association of Nigeria but analysed by“How many companies in our sector are still in operation? Wempco has shut down; WAHUM is struggling, and the rest are just there.

But the responses of Nigeria’s federal and state governments to issues of economy have been poor, according to analysts. Insecurity has worsened over the period and foreign exchange crisis has reached its crescendo, with naira-to-dollar exchange rate rising from N197/$ to N425 in the official market over the period – signaling 54 per cent naira depreciation.

What Buhari's lack of patriotism and economic illiteracy did to Nigeria is a book to be written some day.

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Sylva: Midstream, downstream regulations will attract investment, boost local participation | TheCableThe Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has started reviewing the midstream and downstream petroleum regulations to accelerate investments in the sector. Timipre Sylva, minister of HETimipreSylva D one it has not attracted in the last 7years HETimipreSylva Oga you are speaking English. We don't have natural gas.
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NDIC warns Nigerians not to insure investment with fund managersDirector, Communication & Public Affairs Department, NDIC, Bashir Nuhu, stated this in a statement disowning claims by some fund managers that investment with them is covered by the corporation.
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