The manufacturing sector is currently carrying a heavy burden due to huge cost of production occasioned by epileptic power situation, negative FX rate movements and the general infrastructural deficit in Nigeria. Cost of capital has also gone over the tolerable threshold, largely because of lack of long-term finance, making interest rates skyrocket. Importation of foreign inputs has also added to the problems of the manufacturing sector in the past. However, there is a lot of potential in the sector as the current Federal Government policy of import-substitution is concerned. The government has insisted Nigeria feeds herself and consume what she produces. This policy has opened the sector to huge potential for investments. There has also been a deliberate effort to revamp power and transport infrastructures to enable easy transportation of goods and services. The policy of return to farming should also open up major opportunities in the processing value chain of the sector.
We are an emerging market management consulting and enterprise development company, inspired by a collective mission of building and transforming business enterprises for phenomenal success in the market they operate in.
Address: 1 Rachael Nwangwu Close, Lekki Phase 1, Lagos, Nigeria
Phone: GL +(234) 0812 722 7044