50 Companies Fold Up In Nigeria As Investment Crashes by 56%

50 firms close in 7 years of bad government policies Investment in manufacturing has reduced 56 per cent in seven years, and 50 such firms have shut down since 2017, a real sector buffeted on all sides by a plethora of bad government policies coupled with economic headwinds. Manufacturing firms that have closed shop in the past five years include Surest Foam Limited, Mufex, Framan Industries, MZM Continental, Nipol Industries, Moak Industries, and Stone Industries. Investment by those still standing has dived south, from N489.44 billion in 2016 to N217.22…

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