{"id":83398,"date":"2023-02-27T15:01:53","date_gmt":"2023-02-27T14:01:53","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg"},"modified":"2023-02-27T16:05:16","modified_gmt":"2023-02-27T15:05:16","slug":"weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg","title":{"rendered":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the shortage of foreign exchange.<\/p>\n<p>The NESG Senior Economist, Dr Wilson Erumebor, disclosed this in a recent paper published by Foresight Africa recently.<\/p>\n<p>In the report titled \u201cNigeria in 2023: Bridging the productivity gap and building economic resilience\u201d, Erumebor disclosed Nigeria\u2019s economy continued to suffer in the last seven years following two recessions.<\/p>\n<p>He added, \u201cIn the last seven years, economic activity has shifted towards agriculture and a manufacturing sector slowdown. Part of the economy\u2019s problem is the neglect of the manufacturing industry.\u201d<\/p>\n<p>Economic hardship spurred by an energy crisis, multiple foreign exchange markets, and the Naira crisis have been significant problems Nigerians face.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the shortage of foreign exchange. The NESG Senior Economist, Dr Wilson Erumebor, disclosed this in a recent paper published by Foresight Africa recently. In the report titled \u201cNigeria in 2023: Bridging the productivity gap and building [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":83397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1315,254],"class_list":["post-83398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nesg","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T14:01:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-27T15:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG\",\"datePublished\":\"2023-02-27T14:01:53+00:00\",\"dateModified\":\"2023-02-27T15:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\"},\"wordCount\":144,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NESG\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\",\"name\":\"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg\",\"datePublished\":\"2023-02-27T14:01:53+00:00\",\"dateModified\":\"2023-02-27T15:05:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg\",\"width\":1728,\"height\":1152,\"caption\":\"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG - Nigeria","description":"The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg","og_locale":"en_US","og_type":"article","og_title":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG","og_description":"The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg","og_site_name":"Nigeria","article_published_time":"2023-02-27T14:01:53+00:00","article_modified_time":"2023-02-27T15:05:16+00:00","og_image":[{"width":1728,"height":1152,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG","datePublished":"2023-02-27T14:01:53+00:00","dateModified":"2023-02-27T15:05:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg"},"wordCount":144,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg","keywords":["Africa Press","Africa Press-Nigeria","NESG","Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg","name":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg","datePublished":"2023-02-27T14:01:53+00:00","dateModified":"2023-02-27T15:05:16+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Nigerian Economic Summit Group, NESG, says Nigeria\u2019s weak manufacturing sector is a significant factor fuelling the ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/02\/postQueueImg_1677497535.03.jpg","width":1728,"height":1152,"caption":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/weak-manufacturing-sector-reason-for-fx-shortage-in-nigeria-nesg#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Weak Manufacturing sector reason for FX shortage in Nigeria \u2013 NESG"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/83398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=83398"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/83398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/83397"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=83398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=83398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=83398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}