COVID-19: Manufacturers Seek 5% Interest Rate

COVID-19: Manufacturers Seek 5% Interest Rate

The Chief Executive Officers of manufacturing Concerns in Nigeria have called on the government to consider five percent interest rate on loans for five to seven years for manufacturers investing to scale up production.

They also called for review of existing loans with reduction in interest rate to five percent and two years moratorium.

Manufacturers' energy spend drops by N24bn amid gas tussle ...

Demo Banner 3

These are contained in the first quarter, 2020 MAN CEOs

Confidence Index, a quarterly report by the Manufacturers Association of Nigeria (MAN) that measures changes in macroeconomic trends, operating environment and selected diffusion factors relevant to the manufacturing sector to salvage the sector from the brinks of total collapse.

The CEOs also sought for 60 percent of employees’ salaries for at least three months for companies that are forced to shut down as a result of the COVID-19 pandemic to prevent laying offs of employees and massive unemployment.

tvc

ALSO READ---  Federal Polytechnic Nekede Emerges Tops At The 2023 Technology and Innovation Expo

About author

You might also like

Technology

Audi set to blow your mind with Future Trucks

Audi’s plan for the future seems very promising with its semi-autonomous and self-driving vehicle concepts and development. The company intends to make the future of trucks a brilliant one with

Technology

Japan Robot Hotel Sacks Half of its Robots

A Japanese hotel that ran entirely on robots has culled half of its staff. The team at Japan’s Henn-na ‘Strange’ Hotel have decided to lay off half its 243 robots

Technology

North Korea fires two ‘ballistic missiles’ into sea

North Korea fired what appeared to be two short-range ballistic missiles off its east coast on Saturday, the latest in a series of such launches by Pyongyang as the world

Technology

Huawei’s Ambitions Stands Firm Despite US Pressure

AFP / NOEL CELIS Huawei’s growing ‘European village’ in houses 25,000 staff and has several train stations named after European cities such as Paris and Bologna Construction cranes at Huawei’s

Technology

CES 2019: LG’s roll-up TV to be released to public

LG has revealed a consumer version of its roll-up TV set at the CES trade show in Las Vegas. The Signature OLED TV R is built on a concept unveiled

Technology

See World best Buses that Move over Cars in Traffic, on water and drives on their own (Videos)

Its so amazing what technology permits these days in all angle and spheres of life that one cannot imagine enough what is possible in the tech industry. This is because one

Demo Banner 4

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply

Leave a Reply, We want to hear from You...