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Tag: Manufacturers Association of Nigeria

Business

MAN laments sharp decline of bank credit to manufacturing sector

The Manufacturers Association of Nigeria has expressed concern over the sharp decline in commercial bank credit to the manufacturing sector. It warned that the trend could undermine industrial growth, job creation, and economic diversification. Vanguard reported that the Director-General of MAN, Mr Segun Ajayi-Kadir, made this known in a statement on Tuesday in Lagos while […]

Business

Tinubu reforms push manufacturers’ energy costs to N1.34tn – MAN

The Manufacturers Association of Nigeria has stated that economic reforms introduced under President Bola Tinubu’s administration have sharply raised production costs for manufacturers, with spending on alternative energy rising to N1.34tn in 2025 and further weakening industrial performance. While acknowledging that the reforms have established a base for long-term economic restructuring, the association called on […]

Nigeria is finished if manufacturing sector dies, MAN warns
Policy and Regulations

MAN urges Lagos to simplify tax structure for manufacturers

The Manufacturers Association of Nigeria has called on the Lagos State Government to simplify its tax structure to support industrial growth, reduce business bottlenecks and attract fresh investments into the manufacturing sector. Chairman of MAN Apapa Branch, Raphael Danilola, made the appeal during the association’s annual business luncheon held in Lagos with the theme: “Simplifying […]

Business featured

Middle East crisis threatens Nigeria’s manufacturing sector, MAN warns

The Manufacturers Association of Nigeria has expressed concern over the potential impact of the escalating military confrontations in the Middle East on the country’s manufacturing sector as possible disruptions to global shipping routes, volatile energy markets, and supply chain bottlenecks. MAN noted, “its vigilance regarding the escalating military tensions involving the United States, Israel, and […]

Nigeria is finished if manufacturing sector dies, MAN warns
Business

MAN commends UNIDO for boosting Nigeria’s manufacturing sector

The Manufacturers Association of Nigeria has commended the United Nations Industrial Development Organisation for its efforts aimed at repositioning the manufacturing sector in Nigeria for sustained growth by adopting global best practices and methodologies. Director, Research and Economic Policy Division, MAN, Dr. Oluwasegun Osidipe, gave the commendation at the ‘MAN National Stakeholders Sensitisation Workshop of […]

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 […]

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