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Article: Manufacturing under stress: Nigeria may have the largest domestic market in Africa and may be attracting greater FDI than ever before, but its manufacturing sector has been going downhill rapidly. Williams Ekanem explains why the country's producers are raising the alarm.(NIGERIA)
- Article from:
- African Business
- Article date:
- October 1, 2008
- Author:
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During the African Nations Cup football tournament in Ghana earlier in the year, Nigeria, which considers itself the 'champion' of Africa in most aspects of life, had to swallow the bitter pill of defeat against their arch West African rivals, Ghana.
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Now it seems that it is not only in football that Ghanaians are taking over from Nigeria, it is also happening in business. In July, Dunlop Nigeria plc, which is quoted on the Nigerian Stock Exchange, announced plans to substantially scale down its activities in Nigeria. Although the tyre company did not publicly announce it at the time, industry sources say it has its eye on ...