💔 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
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
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