Jubilee Syringe Manufacturing

Manufacturers spent 38% production cost on power in 2019

Manufacturers spent 38% production cost on power in 2019

Manufacturing companies Ounder the aegis of Manufacturers Association of Nigeria (MAN) expended 38 percent of their production cost on energy in 2019, while inventory of unsold manufactured goods stood at an all time high of N402.42 billion, about 7.2 percent rise compared to N375.42 billion in 2018.