• Credit
• Lagos Chamber of Commerce and Industry
• Manufacturers Association of Nigeria
• Monetary Policy Rate
• Nigeria Employers’ Consultative Association

Manufacturers Slam 27.5% MPR, Warn of Sector Collapse Without Credit Relief

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  admin / 2 months
• 0
• 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) […]