Consumer Goods Sector’s N818.3bn Losses Signal Potential Economic Downturn

Consumer Goods Sector’s N818.3bn Losses Signal Potential Economic Downturn

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Consumer Goods Sector’s N818.3bn Losses Signal Potential Economic Downturn …C0NTINUE READING HERE >>>

Unless urgent actions are taken to stem the tide, Nigeria’s economy may be headed for a major downturn, following the massive losses suffered by the country’s fast moving consumer goods (FMCG) sector in the first half of 2024, analysts at Kreston Pedabo have said.

The FMCG reported a staggering combined loss before tax of N818.3 billion for the first half of 2024.

This figure marks a dramatic 233 per cent increase from the previous year’s losses, signalling potential economic…

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