22
May
May
Manufacturers Slam 27.5% MPR, Warn of Sector Collapse Without Credit Relief
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admin / 9 months
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- 2 min read
The Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry (LCCI), and Nigeria Employers’ Consultative Association (NECA) have expressed grave concern over the Central Bank of Nigeria’s decision to maintain the Monetary Policy Rate (MPR) at 27.5%, a level they describe as unsustainably high for productive sectors. Following Tuesday’s Monetary Policy Committee (MPC) […]