 Now in business, as Nigeria's inflation rate rose to 18.17% for the month of March 2021, from 17.33% recorded in February 2021, manufacturers and critical stakeholders say the trend is worrisome. Director-General of the Manufacturers Association of Nigeria, Shegun Ajayi-Kadir, says the rising figures threaten envisaged manufacturing and industrial sector recovery and growth. Ajayi-Kadir advises the Nigerian government to manage the index before it spirals out of control and ensure price stability and pursue consumer price stimulation. Also, former Deputy Director of the Central Bank of Nigeria, Abiyodun Shopitan, laments the Food Inflation Index, which spiked at 22.95% from 21.79%, as the government needs to address the issue of insecurity, which has grossly affected food supply. The inflationary condition in Nigeria adversely affects the profitability of the manufacturing sector and is partly responsible for its uncompetitiveness. The latter being a major contributor to the low export penetration of goods manufactured in the country, in the international market. Clearly, there is an urgent need for government to intentionally ensure price stability. The federal minister of finance and the CBN should work more closely when designing policies that affect the rural sector of the economy. This is to prevent a situation where policies are working at cross purposes. For instance, while the CBN was creating funding windows as single-digit interest rates to encourage production, government increased VAT from 5% to 7.5%. The government increased minimum wage and also allowed increase in electricity tariff and so on. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.