Industrial Sector Facing Imminent Collapse- MAN

Industrial Sector Facing Imminent Collapse- MAN

The Manufacturers Association of Nigeria warned on Thursday, 8 October 2026, that the nation’s industrial engine faces imminent collapse despite cheerful headline output figures from official statistical bureaus in Abuja. Association director-general Segun Ajayi-Kadir cautioned that nominal national economic expansion of 4.43 per cent merely masks a catastrophic decline across real factories, where industrial sector…

Read Full News
Industrial Sector Facing Imminent Collapse- MAN

MAN Warns GDP Growth Masks Industrial Collapse

Nigeria’s headline economic expansion of 4.43 per cent in the second quarter of 2026 masks a severe collapse across the real industrial economy, the Manufacturers Association of Nigeria warned on Friday, 4 September 2026. Segun Ajayi-Kadir, director-general of the industrial lobby, cautioned that celebratory official statements hide deep structural rot inside domestic factories. Services now…

Read Full News