Year in Review: Nigeria’s Manufacturing Records Slight Growth in 2025 – MAN, Stanbic IBTC Report
The breakdown of the manufacturing sector showed better performance across the food & beverage, cement, and plastic & rubber products sub-sectors.
The breakdown of the manufacturing sector showed better performance across the food & beverage, cement, and plastic & rubber products sub-sectors.
The government should attract investment in new refineries to ensure long-term energy security and promote competition.
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.
Mr Jide Mike served the Association from September 2005 to November 2011 as the Director General.
Dr Muda Yusuf, CPPE Director/CEO, expressed concerns about pardoning individuals convicted of corruption, financial crimes, murder, drug trafficking, and illegal mining.
• Francis Meshioye, the President of MAN, address participants during the AGM /MiNE exhibition For 53 consecutive years, the Manufacturers Association of Nigeria (MAN) has been passionately urging Nigerian households and all levels of government to prioritize buying locally made, high-quality products. Do these patriotic calls imply that Nigerians should refrain from purchasing any foreign-manufactured…
” With the working-age population projected to reach 168 million by 2030, the country faces a defining challenge: to create 27 million new formal jobs or risk unemployment and underemployment rates doubling to 30 per cent”
In a statement, Abiola Laseinde, Executive Director of the Beer Sectoral Group (BSG), urged government to sustain existing home-grown digital excise systems rather than introducing tax stamps also known as track-and-trace identifiers, which she described as counterproductive.
One of the major announcements from the meeting was the approval of strategic exemptions from the 4% FOB surcharge for several categories of manufacturers.
Ajayi-Kadir emphasised that while the government sees the tax stamp as a way to curb smuggling and counterfeiting, and to enhance transparency, the global evidence does not support its efficacy.