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High lending rates still threaten manufacturing sector recovery — MAN

The Manufacturers Association of Nigeria has warned that the high cost of credit and rising production expenses remain major threats to the recovery of the manufacturing sector, despite a renewed improvement in manufacturers’ confidence in the economy. Vanguard reported that this was revealed in the Manufacturers’ CEOs Confidence Index for the second quarter of 2026. […]

Opinion

Manufacturing sector recovery remains fragile amid high costs — Analysts

Nigeria’s manufacturing sector may struggle to sustain a recovery unless persistent cost pressures are addressed, analysts have warned, despite tentative signs that business activity is beginning to stabilise. Although the Purchasing Managers’ Index for manufacturing edged up to 50.10 in June from 49.6 in May, experts say the marginal improvement masks deeper structural challenges, including […]

Opinion

Manufacturing tax revenue decline signals trouble, AERE warns

The Alliance for Economic Research and Ethics has warned that the decline in manufacturing tax revenue in the first quarter of 2026 reflects weakening industrial activity, urging the Federal Government and the Central Bank of Nigeria to implement far-reaching reforms to revive the productive sector. In a policy brief, the Chairman of AERE, Dele Oye, […]

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 […]

Policy and Regulations

Poor policy implementation hindering manufacturing growth — BAT

British American Tobacco Nigeria has called for stronger and more effective implementation of existing industrial policies, insisting that Nigeria’s manufacturing challenges are driven less by the absence of policy frameworks and more by weak execution that continues to constrain investment, productivity, and overall economic growth. The PUNCH reported that in a statement made available on […]

Opinion

CPPE raises alarm over low manufacturing GDP contribution

Despite Nigeria’s modest economic growth in the first quarter of 2026, experts have raised concerns over the weak performance of the manufacturing sector. They warned that the economy may struggle to achieve sustainable transformation without a stronger industrial base. According to Vanguard, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, […]

Business

Manufacturers lament low export share despite ₦85trn total exports

Manufacturers in Nigeria have lamented the persistently low contribution of manufactured goods to the nation’s export basket despite a rise in total exports in 2025, warning that structural bottlenecks continue to undermine the country’s competitiveness in the global market. Vanguard reported that exporters under the Manufacturers Association of Nigeria Export Promotion Group disclosed that although […]

Policy and Regulations

2026 tariff amendments to boost domestic manufacturing growth — CPPE

The 2026 Fiscal Policy measures and Tariff Amendments recently approved by the Federal Government will engender a boost in domestic manufacturing and import substitution in the country, the Centre for the Promotion of Private Enterprise has stated. The measures include revisions to the Import Adjustment Tax covering 192 tariff lines, selective import restrictions, tariff reductions […]

World

Nigeria’s manufactured exports drop despite global trade surge — UNCTAD

Global trade recorded a notable upswing in 2025, driven largely by strong manufacturing activity, which expanded by 11 per cent, even as volatile commodity prices created uneven performance across sectors. This is according to the latest Global Trade Update (April 2026), titled “Global Trade Growth Continues, but Fragility Rises,” released by the United Nations Conference […]

Investment

Foreign investment in Nigeria’s manufacturing sector dropped 51% in 2025

Foreign investment inflows into Nigeria’s manufacturing sector have suffered a sharp decline over the past two years, underscoring weakening investor confidence in the country’s real sector despite a surge in overall capital importation. Data obtained from the National Bureau of Statistics show that capital importation into the Production/Manufacturing sector fell by 51.44 per cent to […]

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 […]

Business

Manufacturing capital inflows plunge 54% amid surge in total imports

Capital inflows into Nigeria’s manufacturing sector experienced a sharp decline in the first nine months of 2025, even as overall capital importation into the country recorded a huge surge, figures from the National Bureau of Statistics have shown. According to the data, capital importation into the production and manufacturing sector fell to $463.52 million between […]

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