Inflation: manufacturers record 90.6% rise in cost of sales

…as cost of raw materials surges 88% to n2.18trn

•Finance cost up 81.0% to n1.2trn   

•Losses rise 76.6% to n407.4bn 

 •It’s economic reform fallout, but …says cppe, analysts   

•Naccima lists constraints, proffers solutions   

•Man calls for ‘actionable reform’

Nigeria’s manufacturers are counting their losses to the drastic macroeconomic changes being executed by the Federal Government, FG.

A key element of the difficulties has shown up in cost of sales with leading manufacturers reporting 90.6 per cent surge in their just released 2024 financial results.