Nigeria’s manufacturing sector is making renewed efforts to attract both local and foreign investors, but high borrowing costs, weak infrastructure and policy inconsistencies are undermining the drive.
With capital inflows shrinking and factory output slowing, economists say reviving industrial growth requires developing cheap and accessible funds, sustaining the stability in foreign exchange, reducing energy costs, and creating a stable regulatory environment that rewards long-term investment.
Segun Ajayi-Kadir, director-general of the M
