High Interest Rate Pushes Manufacturers’ Cost To N730bn, Unsold Products Hit N1.24tn

The Manufacturers Association of Nigeria (MAN) has attributed the N1.24tn value of unsold goods to rise in the Monetary Policy Rate (MPR) to 27.25 per cent by the Central Bank of Nigeria (CBN). The association disclosed this in a statement signed by the Director General, Segun Ajayi-Kadir. Kadir said the MPR rate impact goes beyond …