The President of the Manufacturers Association of Nigeria, MAN, Francis Meshioye, has said that the policies of the federal government in the last one year have made manufacturing businesses unattractive in Nigeria.
Meshioye who stated this in an interview with Channels Television, noted that manufacturers are worse hit by fuel subsidy removal, Naira devaluation, recent electricity tariff hikes, and interest rate hikes in Nigeria.
He lamented that the growth of manufacturing is seemingly not on the front burner of the federal government.
Meshioye explained that the countrys rising headline and food inflation, which stood at 34.19 percent and 40.87 in June, respectively, is majorly affected by food and energy price hikes.
