Business & Economy
Infrastructure Deficiency Restricts Manufacturing To 55% Capacity Utilisation — MAN
The Manufacturers Association of Nigeria (MAN) has lamented that the dearth of basic infrastructure has constrained the Nigerian manufacturing sector to barely struggle to achieve 55% capacity utilisation over the years, far below the 70% threshold for optimal utilization.
The Director General, MAN, Mr. Segun Ajayi-Kadir, who disclosed this in a chat also noted that the capacity utilisation of the nation’s manufacturing sector lags behind that of China and South Africa at 76% and 78% respectively.
His words: “Currently, the Nigerian manufacturing sector is barely struggling to achieve 55% capacity utilisation, whereas China and South Africa impressively stand at 76% and 78% respectively.
