ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 20, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Manufacturer’s Capacity Utilisation, Production Volume, Investment Decline In Q4

by Olushola Bello
7 months ago
in Business
Manufacturer
Share on WhatsAppShare on FacebookShare on XTelegram

A survey conducted by the Manufacturers Association of Nigeria (MAN) has revealed worsening impacts of the macroeconomic environment on the manufacturing sector in the fourth quarter (Q4), 2024.

Advertisement

The survey’s report, tittled ‘Manufacturers’ CEO Confidence Index (MCCI)’, covered the impact of macroeconomic environment on key manufacturing indicators such as production and distribution costs, capacity utilisation, volume of production, investment, employment, sales volume and cost of shipment in the fourth quarter of 2024.

The report revealed that production and distribution costs surged further by 18.2 per cent in the quarter under review from the 20.1 per cent increase witnessed in the preceding quarter.

Capacity utilisation contracted further by 0.8 per cent in Q4 2024 from -1.3 per cent drop witnessed in the preceding quarter; volume of production dropped by 0.3 per cent in Q4 2024 from a contraction of 3.2 per cent recorded in the Q3 2024; while manufacturing investment dipped by 1.2 per cent in Q4 2024 from 3.5 per cent contraction recorded in Q3 2024 quarter.

Also, manufacturing employment declined by 0.7 per cent in Q4 2024 compared to 3.5 per cent contraction recorded in the preceding quarter; while cost of shipment rose by 11.6 per cent in Q4 2024 from the 17 per cent increase recorded in Q3 2024.

Related News

‎Compound Group Unveils Subsidiaries, Marks First Anniversary With Exclusive Offers

8 hours ago

JUST-IN: Dangote Refinery Halts Product Sales To Unregistered Marketers

15 hours ago

However, sales volume recorded a favourable change during the period of review, rising slightly by 1.1 per cent in Q4 2024 compared to the 0.4 per cent decline witnessed in the preceding quarter.

However, the analysis generally reveals that the adverse effects of the prevailing macroeconomic reforms are diminishing as Production & Distribution Costs, Capacity Utilisation, Volume of Production, Investment, Employment and Cost of Shipment recorded lower adverse changes compared to the previous quarter.

Speaking, the director-general of Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir said that “despite the prevailing macroeconomic and operational challenges embattling manufacturing companies in Nigeria, the CEOs remain resilient as revealed by the tepid rise of 0.5 point in the MCCI from 50.2 points in Q3 2024 to 50.7 points in Q4 2024. The moderate improvement in the Aggregate MCCI is the first since Q1 2024.”

According to him, the breakdown of the diffusion indices revealed that all current indices recorded improvement due to seasonal demand and relative stability in the exchange rate during the period.

On outlook, Ajayi-Kadir stated that the year 2025 is a critical period where the government must lead by example by intentionally ramping up domestic industrial production and patronising Made-in-Nigeria to further reduce the Forex demand pressure.

 

“To boost Nigeria’s trust in locally made products, the government MDAs must demonstrate by leading the charge and making Nigerian products their first choice. Depending on a more stable exchange rate, reliable energy supply, relaxation of monetary policy stance, complete disbursement of intervention funds, further improvement in the combat against insecurity and the effective implementation of the Tax Reform Bills as well as the National Single Window Project, the restoration of macroeconomic stability can become a reality,” he noted.

 

He added that going forward, it is expedient that the apex bank deviates from continuous interest rate hikes to a more rooted approach that aligns with the peculiarities of our economy.

 

 

Join Our WhatsApp Channel

Tags: Manufacturer Association of Nigeria (MAN)
SendShare10170Tweet6357Share

Other News Updates

Business

‎Compound Group Unveils Subsidiaries, Marks First Anniversary With Exclusive Offers

2025/09/19
Business

JUST-IN: Dangote Refinery Halts Product Sales To Unregistered Marketers

2025/09/19
Business

Akwa Ibom Looks Beyond Oil, Targets Agric Products For Export

2025/09/19
Business

Equities Extend Gains, Up By N144bn

2025/09/19
Business

Global Aircraft Manufacturer Bombardier Endorses Dangote Refinery

2025/09/19
Business

Nigerian Aviation Regulator Fines Kenya Airways For Consumer Rights Violation

2025/09/19
Leadership Conference advertisement

LATEST

Otuaro Cautions PAP Foreign Scholarship Beneficiaries Against Abuse Of Opportunity 

PICTORIAL: Jubilant Supporters Welcome Aiyedatiwa In Ondo After Supreme Court Victory

Lagos Private Varsity Appoints Prof. Austin Nosike As Vice Chancellor

Music Enthusiasts Hail JaySynths For Latest Collaborations With Teni, Kcee, Wyclef Jean, Idris Elba

Tinubu Commissions Tantita-sponsored Projects In Kaduna’s Sultan Bello Mosque

Group Denounces ‘Unfounded Claims’ Fueling Discord On Insecurity

President Tinubu Felicitates Music Icon 2Baba At 50

PICTORIAL: EFCC Arrests 19 Suspected Internet Fraudsters In Niger

Ebola/Marburg: Abuja Results Came Out Negative, Says NCDC

‘Let’s Embrace This Moment As Fresh Beginning’, Fubara Urges Rivers People

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.