MAN confirms Vanguard Newspaper data showing N1.9trn decline in credit to manufacturers

THE Manufacturers Association of Nigeria, MAN, has raised concern over the data generated by  Vanguard Newspaper  showing that banks’ credit to manufacturers contracted by 22.5 per cent, a development the association warned could undermine industrial growth, worsen unemployment and weaken the implementation of the Nigeria Industrial Policy (NIP) 2025.

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