Bank Credit to Manufacturers Drops to N5.19trn

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…

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