Rate Cut: Manufacturers Demand Single-digit Loans, Special FX Window

The Manufacturers Association of Nigeria (MAN), has called for expanded access to concessionary single-digit financing and a dedicated foreign exchange window for manufacturers, following the Central Bank of Nigeria’s 350 basis points cut in the Monetary Policy Rate.
MAN, in a position paper signed by its director-general, Segun Ajayi-Kadir, commended the CBN for the easing, describing it as a positive move in line with its forecast after a period of stabilization.
“The MPR reduction will support manufacturers’ capacity to finance inventory, raw materials, production cycles, equipment acquisition, and business expansion,” he stated.
He however, said retaining CRR at 45 per cent mean...