Manufacturers lament as cost of shipping jumps to 33.5% - Punch Newspapers

Manufacturers Association of Nigeria has raised concerns as the cost of shipping rose further to 33.5 per cent in the fourth quarter of last year.

“However, the marginal increase in the period suggests that production and distribution cost are beginning to stabilise following the easing up of COVID-19 pandemic,” it said. The report said, “Manufacturing investment dipped further by 0.2 percentage points in the quarter under review from 4.0 per cent decline recorded in the preceding quarter. 15 per cent decline recorded in the second quarter of the year.

“Cost of shipping increased further by 4.5 percentage points in the fourth quarter of 2021 from 29 per cent recorded in the third quarter of the year.”

More inflation in prices of things till 2023.

Cost of shipping has gone up around the world due largely to the Covid pandemic that has refused to tumble....

If you think this won't affect you as a citizen, especially in the working class sector.... Wait for it

Lol and people are still planning to elect tinibu sha na una go suffer am on how e wan reach my side na to Japa.

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