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Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsManufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus (6309 Views)

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Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Faposky95: 9:04am On Aug 09, 2025
Goo0dHardDick:
A person of integrity will show it by his actions and not thoughts
There's is a reason why Martin Luther had a Dream.....
...and then this forty lines
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Image123(m): 9:06am On Aug 09, 2025
datola:
GEJ has a high chance of winning not because he's a performer but because people believe his tenure was better than Buhari and the current one. Time and chance happened to GEJ then.

I can assure you if GEJ or any Northerners of the likes of Atiku wins Nigeria is going backwards. They are clueless!
i know GEJ is clueless but i don't expect him to be that clueless as to contest.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by omenka(m):
Cholison:
This psychophantic praise of Tinubu cannot move us ooo. Who brought Buhari and who claimed to be National Leader under that dispensation?
No one is asking that you be moved, neither does anyone intend to do so. You can stay exactly where you are for eternity while the world moves light years ahead of you. It's your right to stay motionless to eternity.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Irony1: 9:09am On Aug 09, 2025
FreeStuffsNG:
According to Quartus, chemical & pharmaceutical products expanded by N33.9 billion or 2.37 percent, followed by food, beverage & tobacco at N81.5 billion or 2.50 percent.

Other subsectors are non-metallic products (N15.5 billion or 1.72 percent), motor vehicles & assembly (N1.29 billion or 1.27 percent), and basic metal (N3.33 billion or 0.62 percent).


Pay attention to these numbers, cue the information and you it smiley

Cement, textile and petroleum refining are currently undergoing a sort of policy reform. Cement pricing will be more favorable after the big cement companies finish their expansions, textile will be through policies that favour indigenous producers too.

We ain't seen the best of Asiwaju Tinubu yet. The leap the economy will experience in the next few months will make Nigeria a pilgrimage centre where leaders from all over the world will come and take lessons.

May God bless Nigeria for ever! Thank you President Bola Ahmed Tinubu, GCFR.
What do you gain by this attempt at misinforming people? The manufacturing sector has shrunk badly there has been no recovery here. It is only the services sector that is showing some signs of stability due to the fact that the like of MTN have pegged for their contract the dollar at 1600 naira to aid easy budgeting and forecasting.
Please stop this propaganda oooo.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by advanceDNA: 9:11am On Aug 09, 2025
jamafa:
But if it's the opposite news 😂

U will b okay with it 😂

U people ehn 😂
Why don't u post good news that translate to improved welfare for masses .....and see if Nigerians won't be happy and praise the president.

Everyday, using doctored figures from one statistics firm to spread lies..... Shame not dey catch una... And the sad part about y'all is that when pple complain u turn it into politics or opposition and tribe ........ Are u pple even Nigerians??
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by MemphitzDgreat1(m): 9:12am On Aug 09, 2025
FreeStuffsNG:
According to Quartus, chemical & pharmaceutical products expanded by N33.9 billion or 2.37 percent, followed by food, beverage & tobacco at N81.5 billion or 2.50 percent.

Other subsectors are non-metallic products (N15.5 billion or 1.72 percent), motor vehicles & assembly (N1.29 billion or 1.27 percent), and basic metal (N3.33 billion or 0.62 percent).


Pay attention to these numbers, cue the information and you it smiley

Cement, textile and petroleum refining are currently undergoing a sort of policy reform. Cement pricing will be more favorable after the big cement companies finish their expansions, textile will be through policies that favour indigenous producers too.

We ain't seen the best of Asiwaju Tinubu yet. The leap the economy will experience in the next few months will make Nigeria a pilgrimage centre where leaders from all over the world will come and take lessons.

May God bless Nigeria for ever! Thank you President Bola Ahmed Tinubu, GCFR.
Tribalism wan wound una. Even the great Awolowo would surely be ashamed of some of you people's behavior today. Tueh👋
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Kog45(m): 9:15am On Aug 09, 2025
Food Food Food on the table for the masses be the Koko,masses no send una statistics.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Reference(m): 9:17am On Aug 09, 2025
Vote according to the reality of your situation and you will be alright. That is what democracy is all about. It regulates leadership. That is how voting makes a real and direct impact on your lives and livelihoods, the sum total of your citizenship experience in a nation without ideology.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Alsenora: 9:20am On Aug 09, 2025
Lols...hunger mongers will surely be miffed but the govt and good citizens will continue to record economic wins and ppsitives.
helinues:
grin cheesy

Another good news for the weekend.

Meanwhile, don't forget that this government hasn't done a single thing. That's in the voice of the confused opposition

You will start hearing propaganda, fake. It's only development news about Nigeria that must be questioned, if it was bad news, that one don't need any verification before they would swallow it like pap
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by almarthins(m): 9:21am On Aug 09, 2025
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Originalsly: 9:23am On Aug 09, 2025
" Oil refining suffered a massive 14.67 % contraction."

Hmmm ..... so the country was refining more oil but since Dangote began refining and has been massively increasing production ... we have suffered a massive contraction. How can this be true?....who was refining even more than Dangote and shut down?
We know this part of the report can't be true....so what should we make of the rest? I'm not sure if it is that they think they are smart ..... or the citizens are stupid.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by wellmax(m): 9:24am On Aug 09, 2025
Goo0dHardDick:
Damn!

APC and propaganda are like 5 and 6

If atiku doesn't use his brain and consider stepping down for Obi in 2027, then Nigeria is gone! Besides rumours has it that GEJ himself will be in the race!
Every good news is propaganda to you. But every bad news is your darling.

Just wait your bad news will soon arrive- Just for you.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by MadamExcellency: 9:30am On Aug 09, 2025
Multinationals closed under President Bola Ahmed Tinubu and not during Buhari’s government. Tinubu’s regime in 2023 and 2024 was the worst for manufacturing companies in Nigeria.

Fake Data
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by SalamRushdie: 9:34am On Aug 09, 2025
Recovering under Tinubu how ? More businesses have closed down in the past two years than the entire 8 years of Buhari
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by ibabz(m): 9:40am On Aug 09, 2025
It appears Nigeria now operates under two reporting systems: the version the APC wants Nigerians to believe, and the harsh reality Nigerians wake up to every single day. But Nigerians have the choice which one will they believe: the APC’s report, or the reality they live through daily?
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by twilliamx(m): 9:47am On Aug 09, 2025
advanceDNA:
Eeyaaa..... Padded Figures that translate to nothing but more lies and padded figures...

Una nor dey tire?? Everytime ....y'all be quoting national bureau of statistics that help y'all rebase yardsticks to doctor data....

When will y'all measure performance based on the welfare of Nigerians...??when will it be according to accessible healthcare, portable drinking water, good security, subsidized education for all?

Una nor dey shame ?? !!!! Always hiding behind doctored figures every week...
Which country measures performance based on welfare/stomach infrastructure? When the economy improves to a solid point then NATURALLY the welfare will too
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by MadamExcellency: 9:52am On Aug 09, 2025
🚨 Multinationals that exited Nigeria since Tinubu’s inauguration (May 2023):

1️⃣ GlaxoSmithKline (GSK): Left Aug 2023 after 51 yrs, now imports Panadol, Sensodyne.

2️⃣ Procter & Gamble (P&G): Stopped manufacturing Dec 2023, now imports only.

3️⃣ Sanofi-Aventis: Switched to third-party distribution Feb 2024.

4️⃣ Equinor: Sold Nigerian oil business Nov 2023.

5️⃣ Bolt Food: Ended food delivery Dec 2023.

6️⃣ Jumia Food: Shut down delivery Dec 2023.

7️⃣ Kimberly-Clark: Closed Lagos plant Jun 2024, no more Huggies/Kotex.

8️⃣ Diageo: Sold Guinness Nigeria stake Jun 2024.

9️⃣ Pick n Pay: Exited 2024, sold stake after 5 yrs.

🔟 Holcim: Sold Lafarge Africa stake 2024 for $1B.

Three companies scaled back production

1️⃣ Unilever Nigeria
What: Exited home care & skin cleansing markets.
Details: Stopped producing Omo, Sunlight, Lux in 2023, but still makes food/personal care products like Knorr, Close-Up.
Reason: Economic pressures, strategic refocus.

2️⃣ Microsoft
What: Closed Africa Development Centre in Lagos.
Details: Shut down engineering hub in 2024, cut 100+ jobs, but keeps sales and cloud services active.
Reason: Global cost-cutting, not just Nigeria.

3️⃣ PZ Cussons
What: Reduced operations, under strategic review.
Details: Scaled back production/sales in 2024 (e.g., Carex, Robb), but still operates in Nigeria. No full exit confirmed.

📉 Why? Forex scarcity, naira devaluation, inflation.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by obama30: 9:53am On Aug 09, 2025
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by able20(m): 10:05am On Aug 09, 2025
Tinubu can only deceive himself and his gullible fans, he can never deceive intelligent Nigerians
The country is bleeding and he is taking rubbish
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Greatex90: 10:06am On Aug 09, 2025
Propaganda has started. Rubbish APC
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Tareq1105: 10:06am On Aug 09, 2025
Some people tolerated Buhari for 8 years with all the destruction to the economy and unfair appointments but cannot tolerate Tinubu, a Southern person for just 2 years.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by advanceDNA: 10:27am On Aug 09, 2025
twilliamx:
Which country measures performance based on welfare/stomach infrastructure? When the economy improves to a solid point then NATURALLY the welfare will too
So the country was bad when we were buying bag of rice for 8k during obasanjo's time...and tinubu is just solidifying it.?? That's the lies y'all are spreading??

When the welfare improves you'll get the praise u deserve.. U won't get any praise for doctoring data, for diverting the pple's common wealth into the pocket of 36 governors, and law makers, adjusting GDP figures and claiming exchange rate would have been10k to a dollar if not for tinubu....
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by anonimi: 10:37am On Aug 09, 2025
FreeStuffsNG:
Nigeria’s manufacturing sector lost about N1.2 trillion in four years (between 2019 and 2023), according to a report by Quartus Economics.

The report, titled ‘Inside Nigeria’s Quiet Recovery‘, analysed the country’s economy following the recent gross domestic product (GDP) rebasing exercise of the National Bureau of Statistics (NBS).
Who is Quartus where Wale Edun is?

Rebasing propaganda is not a substitute for real economic growth that was created by PDP deregulation and privatisation capitalism geniuses. This was until ebilokan made his thrice failed expired northerner Buhari a replacement for southerner Jonathan 10 years ago.

APC promised change but delivered shege extreme poverty.

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by chatinent: 10:39am On Aug 09, 2025
Isn't it funny the way that the only good thing about Nigeria is published in the news but not in reality?
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by anonimi: 10:40am On Aug 09, 2025
Tareq1105:
Some people tolerated Buhari for 8 years with all the destruction to the economy and unfair appointments but cannot tolerate Tinubu, a Southern person for just 2 years.
Why did ebilokan fail to tolerate his fellow southerner Jonathan for eight years instead of making him a one term president?

What has changed for better in our country since 2015?

Emergingnation:
Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party

National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.

During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.

He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.

His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.

“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.

“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.

“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.

Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.

https://dailypost.ng/2021/09/01/flashback-how-bola-tinubu-spoke-highly-of-buhari-in-2015-named-pdp-poverty-development-party/
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Guestmale: 10:48am On Aug 09, 2025
LagosOrigin:
Propaganda upon propaganda

Una no dey tire with all this lies?
But if it is opposite you won't call it propaganda, don't be allergic to good news please.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Bosman17: 10:53am On Aug 09, 2025
Faposky95:
Spare us the cock and bull...pls
Manufacturing without the Trillions, when a mere rehabilitation costs #0.7T.
Where the massive power infrastructure.......?
Let me just mention 1, Deji Adeleke has just competed a $2b power generation project. Keep saying na lie na lie, you are already left behind…
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Typing: 10:56am On Aug 09, 2025
This is the biggest lies from Tinubu's incompetent Government
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by boxypane: 11:08am On Aug 09, 2025
Especially the textile industry. Those Chineses needs to be stopped.
Re: Manufacturing Sector Lost N1.2trn In 4 Years, Recovering Under Tinubu - Quartus by Teymanhenry(f): 11:11am On Aug 09, 2025
FreeStuffsNG:
According to Quartus, chemical & pharmaceutical products expanded by N33.9 billion or 2.37 percent, followed by food, beverage & tobacco at N81.5 billion or 2.50 percent.

Other subsectors are non-metallic products (N15.5 billion or 1.72 percent), motor vehicles & assembly (N1.29 billion or 1.27 percent), and basic metal (N3.33 billion or 0.62 percent).


Pay attention to these numbers, cue the information and use it to take position smiley

Cement, textile and petroleum refining are currently undergoing a sort of policy reform. Cement pricing will be more favorable after the big cement companies finish their expansions, textile will be through policies that favour indigenous producers too.

We ain't seen the best of Asiwaju Tinubu yet. The leap the economy will experience in the next few months will make Nigeria a pilgrimage centre where leaders from all over the world will come and take lessons.

May God bless Nigeria for ever! Thank you President Bola Ahmed Tinubu, GCFR.
What Nigerians are after is to see a significant drop in price of these commodities. Without this, then it's all noise.
1 2 3 Reply

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