Loss of FDIs to neighbours worry manufacturers as challenges linger | The Guardian Nigeria News - Nigeria and World News

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Loss of FDIs to neighbours worry manufacturers as challenges linger | The Guardian Nigeria News - Nigeria and World News
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As prevailing economic challenges undermine investments and disposable incomes, local manufacturers have expressed concerns about the loss of investments to neighbouring African countries.

The Senior Partner, Delloite Nigeria, Mr. Bernard Orji, during the 50th yearly meeting of the MAN, Apapa Branch in Lagos, stated that the prevailing challenges in the operating environment are undermining the growth of the real sector.

He however urged manufacturers to be resilient to meet their forex needs, warning that the challenge of sourcing for foreign exchange would linger as the Federal Government is yet to address the scarcity of foreign exchange. He added that subdued operations caused by the lockdown and other containment measures to combat the pandemic also affected manufacturing activities.

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