Report says In the first half of 2025, the combined cost of sales for 12 Nigerian manufacturing companies increased by 19.68%, rising from N2.18 trillion in 2024 to N2.6 trillion. According to the report, this surge was driven by higher input and operational costs caused by inflation, foreign exchange pressures, and logistics challenges.
While some mega companies experienced significant increases, others showed a staggering 1,427.52% rise due to operational expansion. In the meantime, some Industry experts have highlighted that volatile exchange rates and high financing costs—interest rates above 30%—are major factors inflating production expenses.
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