MAN Warns GDP Growth Masks Industrial Collapse

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…

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MAN Warns GDP Growth Masks Industrial Collapse

MAN Warns Inflation Will Persist Without Reforms

Nigeria’s manufacturing sector has issued a grim warning regarding persistent domestic price pressures. The Manufacturers Association of Nigeria stated on Friday that food and core inflation will not ease without fundamental structural reforms. Association Director-General Segun Ajayi-Kadir warned that high energy tariffs, foreign exchange scarcity, and extortionate interest rates continue to cripple production. Factory owners…

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Manufacturers Spend N1.34tn on Alternative Power

Manufacturers Spend N1.34tn on Alternative Power

Nigerian manufacturers spent N1.34 trillion on alternative energy sources in 2025 to keep their factories running. This expenditure represents a 71.4 percent surge from the N781.68 billion recorded in 2023. The Manufacturers Association of Nigeria disclosed these figures in a comprehensive evaluation of recent state reforms. The data shows that the industrial sector is paying…

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