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The Manufacturers Association of Nigeria says real sectoral growth will hit about 3.2 per cent in 2024.<\/p>\n

According to NAN, the group\u2019s director general, Segun Ajayi-Kadir, disclosed this in an interview on the outlook for the sector in 2024.<\/p>\n

However, Ajayi-Kadir predicted a tough start for Nigeria\u2019s manufacturing sector in the first quarter of 2024.<\/p>\n

\u201cIn broad terms, the year 2024 may start on a tough note for manufacturing but may end with some measured improvements because the envisaged policy reforms, improved commitment to domestic production, and general positive outlook seem favourable for the sector.<\/p>\n

\u201cIn 2024, sectoral real growth is expected to hit about 3.2 per cent; contribution to the economy will most likely exceed 10 per cent, and the Manufacturers\u2019 CEOs Confidence Index is predicted to rise above the 55 points threshold by the end of Q4 2023,\u201d he said.<\/p>\n

On Monday, President Bola Ahmed Tinubu signed the N28.7 trillion budget into law with a projected Gross Domestic Product growth of 3.88 per cent.<\/p>\n

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Manufacturers project 3.2 per cent economic growth in 2024<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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