Figures obtained from the Manufacturers Association of Nigeria, has revealed that about 3,567 jobs were lost in the manufacturing sector in the first half of 2023.
MAN disclosed this in its half yearly review of the economy, which was released on Tuesday.
According to the report, employment generation in the manufacturing sector declined to 6,428 in the first half of 2023.
This was 32.8 per cent reduction in employment generation capacity when compared with 9,559 jobs generated in the first half of 2022.
Part of the report read, “In the same vein, a total of 3,567 jobs were lost in the first half of 2023, indicating 1,855 more jobs lost when compared with the 1,709 jobs lost in the corresponding half of 2022, and 850 more jobs lost when compared with 2708 jobs lost in the last half of 2022.”