Business

Local Raw Materials Market Steepens

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The Manufacturers Association of Nigeria, MAN, has said sourcing of local raw materials by the sector steepened to 52 percent in the first half of 2022.

In its summary of H1 2022, the association noted that it indicated 1 percentage point decline over the period.

However, local sourcing increased by 2 percentage points when compared with 50 percent recorded in the second half of 2021.

Written by: Helen Obih

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