Local input sourcing rises 17% on forex crunch

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Local input sourcing rises 17% on forex crunch

Odinaka Anudu | Editor’s picks | Nov 18, 2024

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Foreign exchange scarcity pushed Nigerian manufacturers into sourcing more raw materials locally, raising domestic input sourcing by 17 percent in 10 years, according to BusinessDay analysis of documents obtained from the Manufacturers Association of Nigeria (MAN) since 2014.

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