By Rukayat Moisemhe
The confidence index of Chief Executive Officers (CEO) of the Manufacturers Association of Nigeria (MAN) in the first quarter of 2024 has risen by 1.7 points for the first in the last six quarters.
Otunba Francis Meshioye, President, MAN, disclosed this during the Public Presentation of the MAN CEO’s Confidence Index Report on Thursday in Lagos.
The News Agency of Nigeria (NAN) reports that the Association’s CEO’s Confidence Index (MCCI) is used to measure changes, quarterly in the pulse of 400 CEOs of manufacturing concerns to development in government policies and movement in macroeconomic indicators.
Meshioye reported moderate improvement in the Aggregate Index Score (AIS) evidenced by the meagre increase from 51.8 points in the fourth quarter of 2023 to 53.5 points.
He said the indicators considered during the period under review include changes in business conditions, employment and production levels in the economy.
The MAN President,…
Source: News Agency of Nigeria
