The Fast-Moving Consumer Goods (FMCG) sector in Nigeria suffered setbacks in 2024 due to economic shifts driven by inconsistent Government policies. Several multinational companies like Kimberly-Clark Nigeria, Pick n Pay, and many others exited Nigeria because of these changes, particularly after the free float of the exchange rate and the removal of the fuel subsidy. This led to increased inflation and depreciation of the Naira, prompting intervention from the Central Bank of Nigeria(CBN) to manage the crisis through aggressive monetary policies.
FMCG 2024 SECTOR ROUND-UP AND 2025 FORECAST
