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2,538 MSMEs Benefit from FG's Guaranteed Offtake Scheme in S'East – THISDAYLIVE

2,538 MSMEs Benefit from FG's Guaranteed Offtake Scheme in S'East – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Edo Manufacturers Decry High Costs Of Raw Materials


Small and Medium Scale Manufacturers in Edo State have decried the persistent hike in the prices of raw materials used in the production of some finished goods in the state.
Some of the manufacturers, who spoke with The Tide in separate interviews, in Benin yesterday, attributed the hike to the high cost of foreign exchange and low supply of raw materials.
They said that the hike in prices of production materials had caused increases in their cost of production, reduced output, increased prices of finished goods, as well as reduced patronage.
The Managing Director, IDDN Reliance International, manufacturers of polythene and polyester products, Mr Marshal Izebhijie, said that the price of Nylon bags had increased in the country due to high cost of raw materials. ....

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