Post by Connected Conversations (@connected_conversations)
Do you think Nigeria's N1.92trn credit crunch will force manufacturers to relocate to other African countries?
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Ebube Chukwujekwu: yes: My answer is yes. Manufacturers don’t need to abandon the Nigerian market—they only need to relocate production. Countries like Benin and Togo are becoming attractive alternatives due to easier access to finance, more stable operating conditions, and lower logistics costs. From there, they can...
KING SOLOMON: Nigeria’s ₦1.92 trillion credit crunch will force some manufacturers to relocate, especially those with regional flexibility.
Others will stay but shrink.
The real risk is that Nigeria loses productive capacity while neighbors gain it.
Others will stay but shrink.
The real risk is that Nigeria loses productive capacity while neighbors gain it.