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Nigerian manufacturers battling stunted growth blame forex scarcity The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can t find the dollars to import raw materials. 7 min read Defying the intensity of the afternoon sun, Kazeem Ariyo walked briskly out of the premises of his bakery with palpable anger. He had just been informed that one of his retail vendors rejected hundreds of loaves of bread supply because the retail price offered was not “profitable”. Mr Ariyo, 45, is a baker operating from the Ajah axis of Lagos. In recent times, however, he has had tough times convincing his wholesale and retail vendors about the rising prices of baking materials.

Mansur ahmedZainab ahmedMuhammadu buhariKazeem ariyoCharles umorenGodwin emefieleMansur umarInternational monetary fundLagos chamberBureau de changePt mag campaignBretton woods institutionCentral bankWorld bankManufacturers association of nigeriaBureau de change operators