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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 […]

Policy and Regulations

FG reviews tariff policies to boost local production

The Federal Government has commenced a strategic review of tariff policies aimed at encouraging local production, protecting domestic industries, and easing the cost of doing business. The move followed a high-level meeting involving the Tariffs Review Board and the Minister of State for Finance, Dr Doris Uzoka-Anite, where existing tariff regimes were assessed against the […]

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 […]

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