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In its half-yearly economic review for 2023, the Manufacturers Association of Nigeria identified forex illiquidity, inconsistent power supply, etc.
Abubakar Maina, the project director for the Broadband Implementation Steering Committee, revealed to the National Digital Economy Council during a presentation on the Nigerian National Broadband Plan 2020–2025's implementation status, that the foreign exchange issue in Nigeria has deterred original equipment manufacturers from setting up shops there to produce made-in-Nigeria phones.
Manufacturers and importers complain about the nation’s import duty pricing of some raw materials which are being valued based on...