Manufacturers Plead with Nigerian Government to Slash Interest Rates to 1%

Manufacturers across Nigeria are urging the Federal Government to reduce interest rates to an unprecedented 1%.

The call comes as many businesses face severe financial strain, threatening their survival in an already challenging economic environment. "Businesses are dying," lamented one manufacturer.

"The current interest rates are unsustainable and are pushing many of us to the brink of collapse."

The manufacturers argue that a significant reduction in interest rates would provide much-needed relief, allowing them to invest in growth and sustain operations.

They believe that such a move could stimulate economic activity and prevent further job losses. "We need the government to act swiftly," another business owner emphasized. "A 1% interest rate could be the lifeline that keeps our doors open and our employees working."