Manufacturers raise alarm over N1.35trn alternative power costs, 18,935 job losses

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Nigerian manufacturers say alternative power costs reached N1.35 trillion and were associated with 18,935 job losses. The accompanying report cites 2025 economic growth of 3.87%, lower inflation, and a more stable foreign-exchange market.

“Nigeria’s economy grew by 3.87 per cent in 2025, up from 3.38 per cent in 2024, while headline inflation declined and the foreign exchange market became more stable" The post Manufacturers raise alarm over N1.35trn alternative power costs, 18,935 job losses appeared first on Vanguard News.