The Manufacturers Association of Nigeria (MAN) has noted that the delay in the commencement of operations at the Ajaokuta Steel Company and the Aluminum Smelter Company affected the confidence level of operators in Nigeria’s iron, metal, and steel industry in the last quarter of 2024.
This was stated in the Q4 2024 report of the Manufacturers CEO Confidence Index report released by the Manufacturers Association of Nigeria (MAN).
According to the report, the Basic Metal, Iron & Steel sub-sector recorded diminished confidence indices, dropping from 58 points in Q3 2024 to 57 in Q4 2024.