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flag Nigerian manufacturers face a massive 357.57% rise in unsold goods due to economic hardships.

flag Manufacturers in Nigeria are struggling with a 357.57% increase in unsold inventory to N1.24 trillion, due to declining consumer purchasing power from high inflation, subsidy removal, and naira devaluation. flag The sector also faces higher electricity costs and power outages, with manufacturers spending N238.31 billion on alternative energy. flag Despite a 30.38% rise in output, the sector needs economic reforms to address challenges and improve welfare.

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