• John Enoh, Minister of State; Jumoke Oduwole, Minister of Industry, Trade and Investment/ Industrialtimesngr image collage.
The Nigerian manufacturing sector recorded 18,935 job losses in the first half (H1) of 2025, up 74 percent from job losses the industry recorded in second half (H2) of 2024.
This figured was disclosed in the latest report by the Manufacturers Association of Nigeria (MAN)’s CEOs Confidence Index (MCCI) released on Tuesday.
The report stated that the current production index also declined owing to the industrial disputes in the oil and gas sector, which disrupted gas supply, elevated energy cost and constrained manufacturing output.
The projections for business condition, employment condition and production level in the next quarter improved by 1.8 points, 0.1 point and 0.2 point respectively.
It added that the expectation for the presidential assent, implementation of the 30 percent value addition requirement on raw material exports, anticipation that the Nigeria First Policy and forthcoming industrial policy will be private sector–driven as part of the increased manufacturers optimism in their projections.