Nigerian manufacturers are burning through stockpiles of raw materials, which have allowed them to maintain production at moderate costs for price-averse customers after the unprecedented war in the Middle East drove up input costs. They say that if the war does not end soon, the current caution will give way to higher market prices.
“We are only seeing the signs of its impact,” said Segun Ajayi, secretary-general of the Manufacturers Association of Nigeria. “The time that we start to see the heightened impact is when the current stocks run
