Nigeria: Inventory of unsold goods hits $489m

journalducameroun.com - 01-10

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The Manufacturers Association of Nigeria (MAN ) has said that the inventory of unsold manufactured goods in Nigeria stood at N149.23 billion (about $489m) at the end of 2018, down by N10.36 billion (6.9 percent) from N159.59 billion in the corresponding period of 2017.The Association attributed the problem of huge unsold goods to “low real consumption due to inflationary pressure; smuggling, counterfeiting and cloning of Nigerian manufactured products as well as high cost operating environment”.