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MAN calls for regulations to protect manufacturers, consumers
Business

MAN raises the alarm over sharp decline in manufacturing output

The Manufacturers Association of Nigeria has stated that the country’s manufacturing sector is grappling with severe macroeconomic pressures, leading to a sharp decline in its contribution to the national economy. According to the association, manufacturing’s share of the economy has fallen dramatically from 29.9 percent in 1981 to just 8.2 percent in 2024, underscoring the […]

Business

MAN seeks refinancing facility to revive manufacturing sector

The Manufacturers Association of Nigeria, in an effort to revitalise Nigeria’s manufacturing sector in 2026, has called for the introduction of a Manufacturing Refinancing and Rediscounting Facility. The call was made by the Director-General of MAN, Segun Ajayi-Kadir, in a report outlining the manufacturing outlook for 2026. Ajayi-Kadir explained that the proposed Manufacturing Refinancing and […]

Nigeria is finished if manufacturing sector dies, MAN warns
Economy

MAN projects 3.1% industry growth, 10.2% GDP contribution by 2026

The Manufacturers Association of Nigeria has projected a much improved performance of the sector in 2026, with an expectation of 3.1 per cent real growth and a contribution of 10.2 per cent to the real gross domestic product in the coming year. MAN’s Director of Research and Economic Policy Division, Dr. Oluwasegun Osidipe, who made […]

Business

Manufacturers urge stronger policy support for industry recovery

Manufacturers have called for stronger and more consistent policy support to sustain Nigeria’s fragile industrial recovery, as the Manufacturers’ Confidence Index rose marginally to 50.7 points in the third quarter of 2025 from 50.3 points in the previous quarter, reflecting cautious optimism among industry leaders. The Manufacturers Association of Nigeria disclosed this yesterday in Lagos […]

Nigeria is finished if manufacturing sector dies, MAN warns
Business

Manufacturers demand law to enforce ‘Nigeria First’ policy across MDAs

The President of the Manufacturers Association of Nigeria, Francis Meshioye, and the President of Dangote Group, Aliko Dangote, have both stressed the critical need for the Federal Government to reinforce the ‘Nigeria First’ policy with enabling legislation. This legislation, they argue, must ensure the policy is enforced consistently across all government ministries, departments, and agencies. […]

Economy featured

MAN urges CBN to cut lending rates below 5%

The Manufacturers Association of Nigeria has continued to bemoan the high interest rates in the country, noting that the situation has placed the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. The Director General of MAN, Segun Ajayi-Kadir, expressed optimism that the recent 50 basis points reduction in the Monetary […]

Policy and Regulations

Proposed tax stamp system could worsen inflation, MAN warns

The Manufacturers Association of Nigeria has expressed concerns that the proposed introduction of a Tax Stamp System for excisable goods could worsen inflation, erode consumer demand, and weaken Nigeria’s competitiveness under the African Continental Free Trade Area. According to MAN, the extra compliance costs from tax stamps would inevitably be passed on to consumers, many […]

Business

Nigerians face price hike over 4% import levy – MAN

The Manufacturers Association of Nigeria has cautioned that Nigerians could soon see higher prices for goods after the Federal Government reinstated a four per cent Free-on-Board charge on imports. In a statement signed by its Director General, Segun Ajayi-Kadir, MAN said the policy, effective August 4, 2025, is likely to worsen the operating environment for […]

Business

Don’t celebrate GDP gains as economic growth, MAN warns FG

The Manufacturers Association of Nigeria has urged the federal government not to misinterpret the recently rebased Gross Domestic Product figures as a sign of significant economic advancement, warning that the data may conceal deeper structural issues within the economy. Reacting to the National Bureau of Statistics’ latest rebasing exercise, MAN noted that while nominal GDP […]

Business

MAN calls for legal backing of ‘Nigeria First’ policy

The Manufacturers Association of Nigeria has urged the Federal Government to enact the Nigeria First Policy into law to strengthen the manufacturing sector. In his keynote address at the 2025 BusinessDay Manufacturing Conference in Lagos on Thursday, MAN Director-General Segun Ajayi-Kadir emphasized that formalizing the procurement policy through legislation would ensure its consistent implementation across […]

News

MAN accuses Banks of sabotage over unresolved FX contracts 

The Manufacturers Association of Nigeria has voiced serious concerns over what it terms the unfair treatment of its members by some commercial banks regarding unresolved foreign exchange forward obligations. In a statement released on Thursday and signed by its Director General, Segun Ajayi-Kadir, the Association urged the Central Bank of Nigeria to take immediate action […]

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