💔 Have you heard the latest about our manufacturing sector? It seems businesses are feeling the squeeze, as loans to manufacturers have plummeted by N2.1 trillion in just six months! That’s a significant drop, leaving total loans at N10.946 trillion by the end of June 2025—a 16.2% decrease from the previous year.

With high interest rates and weak consumer demand, it's tough out there for manufacturers and traders. It makes you think about the ripple effect this might have on the economy and job market, doesn’t it?

Let's hope for a turnaround soon—our industries are the backbone of progress!

Read more about this important issue here: https://www.vanguardngr.com/2026/01/loans-to-manufacturers-shrink-to-n2-1trn/

#Manufacturing #Economy #Loans #BusinessNews #FinancialIssues
💔 Have you heard the latest about our manufacturing sector? It seems businesses are feeling the squeeze, as loans to manufacturers have plummeted by N2.1 trillion in just six months! That’s a significant drop, leaving total loans at N10.946 trillion by the end of June 2025—a 16.2% decrease from the previous year. With high interest rates and weak consumer demand, it's tough out there for manufacturers and traders. It makes you think about the ripple effect this might have on the economy and job market, doesn’t it? Let's hope for a turnaround soon—our industries are the backbone of progress! Read more about this important issue here: https://www.vanguardngr.com/2026/01/loans-to-manufacturers-shrink-to-n2-1trn/ #Manufacturing #Economy #Loans #BusinessNews #FinancialIssues
Loans to manufacturers shrink to N2.1trn
At the backdrop of the challenges confronting the manufacturing sector, including structural bottlenecks, weak consumer demand and high interest rates, banks slashed loans to manufacturers and traders by N2.1 trillion in the first six months of 2025
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