₦airaland Forum

bonechamberlain:



where do all these reports come from.

so much figures and improvement, zero impact.

Wailers will not like this, all there believe in is negative reports. As usual they will surely be frustrated. God punish all wailers.

uzoclinton:
ive lived in this country longer than you... I know propaganda when I see one. 2019 is fast approaching so things like this go dey spring up on a regular....

Nothing will happen in 2019, that was how you were ranting then in 2015. Frustration go finish una, the only thing you hear from them is Lies and Propaganda. Mention the lies and they will have nothing to say. If it's lies and propaganda that is restoring back our Economy from your 16 years of misrule and corruption, then let it be.

Truth234:
Manufacturing sector sustained growth for a seventh consecutive month in October, according to the data released by the Central Bank of Nigeria on Tuesday.

The Manufacturing Purchasing Managers’ Index expanded 55 in the month, slightly lower than the 55.3 recorded in September but above the 50 level that divides expansion from contraction and suggests the sector remains steady as the economy continued to recover.

Also, the report showed 11 of the 16 sub-sectors surveyed reported growth in October in the following order: plastics & rubber products; paper products; nonmetallic mineral products; chemical & pharmaceutical products; textile, apparel, leather & footwear; food, beverage & tobacco products; furniture & related products; primary metal; electrical equipment; printing & related support activities; and fabricated metal products.

The gauge of new orders expanded 52.8 in the month, with 7 of the sub-sectors reporting growth, 2 remains unchanged while the remaining 7 contracted in October. This is below the 53.5 recorded in September when 10 sub-sectors reported growth.

Manufacturing Production Index stood at 58.4 level in the month, indicating steady production in the manufacturing sector. But when compared to the 58.8 recorded in September, the pace of increase was slightly slower.

However, inventories index grew 56.5 in October, faster when compared to September 2017. Suggesting that businesses are already preparing for the usual Christmas rush. Ten of the 16 sub-sector recorded growth in raw material inventories, while four sub-sector declined with two remaining unchanged.

Employment in the sector grew at 53.1.

Since the economy rebounded from recession in the second quarter, the Federal Government has deepened its effort at sustaining recovery and broadening economic growth in the non-oil sector.

The Minister of Finance, Kemi Adeosun announced on Tuesday in Abuja that a record-high N797 billion was generated in revenue, Value Added Tax, between January and October 2017.

This further validated improved effort at increasing revenue base as Nigeria looks to diversify the economy.

http://investorsking.com/nigerias-manufacturing-sector-remains-steady/

A country numbering over 150 million citizens that generate 2000 - 4000 MW does not have a manufacturing sector.

This is good news.
Government actions and deliberate policies is yielding fruits.

smirn:
Nothing will happen in 2019, that was how you were ranting then in 2015. Frustration go finish una, the only thing you hear from them is Lies and Propaganda. Mention the lies and they will have nothing to say. If it's lies and propaganda that is restoring back our Economy from your 16 years of misrule and corruption, then let it be.

Do u know under GEJ's government, Nigeria's manufacturing index surged to one of the highest points ever witnessed. This growth in d manufacturing sector, though commendable, can't be compared to 2012 and 2013 growth index. Google it and find out