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The
Nigeria Institute for Social and Economic Research says Manufacturing Sector
has taken a nosedive in its performance in the past three years in Nigeria.
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The
NISER confirmed a bail out is necessary to revive the sector.
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Mr.
Mike Onodje, Director economic management, centres for Management Development
Lagos, called on Nigeria to institute effect credit control measure through the
CBN to help its industries.
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He
added that the stagnating manufacturing performance has reflected in the
falling rate of capacity utilization.
CULLED FROM THE PUNCH.
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