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Unsold Goods Threaten Jobs As Inventory Hits N100 Billion - Business - Nairaland

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Federal Government To Auction N100 Billion Bonds On March 27 / Manufacturers Start 2019 With N149bn Unsold Goods — MAN (2) (3) (4)

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Unsold Goods Threaten Jobs As Inventory Hits N100 Billion by comos: 9:32am On Jan 11, 2017
Members of the Manufacturers Association of Nigeria (MAN) last year recorded the highest inventory since the group came into being. They are certain there will be further job losses this year.

MAN President Dr. Frank Jacobs yesterday said members’ inventory — unsold goods — in 2016 was worth N100 billion as capacity utilisation averaged 40 per cent.

The increasing number of unsold goods by manufacturers is a reflection of lower purchasing power and portends job losses and lesser private sector capacity to create jobs this year.

culled from Guardian
Re: Unsold Goods Threaten Jobs As Inventory Hits N100 Billion by idupaul: 9:35am On Jan 11, 2017
And yet some fool will come here to say Buhari is on course ..on course to where exactly?

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