THE POSITION OF THE MANUFACTURERS ASSOCIATION OF NIGERIA ON CBN INTERVENTION FUND TO MANUFACTURERS AND POLICY ON FOREX SQUEEZE
The inclement macroeconomic environment in Nigeria has constrained the performance of the manufacturing sector. Particularly, with the triadic rates: high and rising inflation rate, double digit lending rate and unfavourable exchange rate parity. The regulatory environment is harsh and induces high business operating cost in the economy. There is also infrastructure deficit which our businesses contend with.