Despite the myriad of binding constraints plaguing the manufacturing sector in Nigeria, it recorded a growth of 1.5 percent while the manufacturing output in Africa contracted -0.7 percent in the last quarter of 2023 (Q4'23).
Despite the myriad of binding constraints plaguing the manufacturing sector in Nigeria, it recorded a growth of 1.5 percent while the manufacturing output in Africa contracted -0.7 percent in the last quarter of 2023 .
“The growth patterns of the different countries diverged to a significant degree – Nigeria and South Africa , for example, remained in positive territory, while Senegal and Tunisia recorded output reductions.” Among countries, China, India, and Indonesia reported annual manufacturing YoY growth beyond 4 percent in Q4 2023.
In its latest report on ‘Global economic fracturing and shifting investment patterns’, UNCTAD stated: “Multinational enterprises are increasingly cautious about expanding their operations globally, especially in tangible assets.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CSO tasks African leaders on Pan-African consciousnessA Civil Society Think Tank, 'The Pan African Dialogue Institute (TPADI) has called on African leaders to embrace Pan-African consciousness in their dealings to foster patriotism and stem the tide of corruption ravaging the continent.
Read more »
Celebrating African Creativity: Google partners African Union to launch #DiscoverMyAfricaThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Read more »
Nigeria loses $28b to ‘wunreliable grid’ operations, says UNIDOThe Nation Newspaper Nigeria loses $28b to ‘wunreliable grid’ operations, says UNIDO
Read more »
Sterling One Foundation partners UNIDO, others to launch ESG seriesThe Sterling One Foundation, a non-profit organization dedicated to sustainable development and empowering professionals to drive social impact across Africa, has partnered with Price Waterhouse Coopers Nigeria, UNIDO-Investment Technology Promotion Office, Nigeria, Lagos Business School Sustainability Center, Sterling Bank, NGX Group, the Nigeria...
Read more »
Nigeria’s hydropower, circular economy get EU-UNIDO’s financial boostThe Nation Newspaper Nigeria’s hydropower, circular economy get EU-UNIDO’s financial boost
Read more »
Oyakhilome foundation parley UNIDO, ECN over usage of alternative energy supplyThe United Nation Industrial Development Organisation(UNIDO) in conjunction with the Energy Commission of Nigeria (ECN) and Oyakhilome foundation have reiterated the resolve to address epileptic power supply in the country.
Read more »