NESG: Nigeria’s high production costs threaten industrial competitiveness

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The Nigeria Economic Summit Group warns that high production costs, unreliable electricity, and weak logistics are hurting the country’s industrial competitiveness. It recommends creating a council within the Presidency to coordinate industrialisation policy and address these structural barriers.

By Favour Ulebor The Nigeria Economic Summit Group has warned that high production costs, unreliable electricity and poor logistics infrastructure are undermining Nigeria’s industrial competitiveness, calling for a council within the Presidency to coordinate industrialisation policies. Co-facilitator of the NESG, Lumun Feese, said Nigeria needed a coordinated approach to industrial development to address structural challenges […] The post NESG: Nigeria’s high production costs threaten industrial competitiveness appeared first on Vanguard News.