Mbah Seeks Urgent Review of Nigeria’s Manufacturing Finance Frameworks
Governor Peter Mbah of Enugu State has called for an urgent overhaul of Nigeria’s financing structures for the manufacturing sector, warning that current commercial interest rates—estimated between 30 and 37 percent—are unsustainable and detrimental to industrial growth. Mbah, who was represented by Deputy Governor Barr. Ifeanyi Ossai at the 37th Annual General Meeting, Awards and Gala Night of the Manufacturers Association of Nigeria (MAN) Southeast in Enugu, said the prevailing credit environment “suffocates production rather than stimulates it.” He noted […]