Fast Moving Consumable Goods (FMCGs) firms are intensifying efforts on local sourcing of raw materials as dollar scarcity and weak naira, among others, spiralled production costs hence undermining profit margins.
“Nestlé by our estimates procures c.70 percent of its raw materials locally and thi
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BALA AUGIE
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
