The Manufacturers Association of Nigeria (MAN) has called for sustained government reforms to ensure the continued recovery and growth of the nation’s manufacturing sector.
The call was made at the official presentation of the findings of MAN’s third-quarter 2025 Manufacturers CEO’s Confidence Index (MCCI) and the highlights of the 2025 MAN High-Level Think Tank Report.
MAN President, Francis Meshioye, noted that the performance of Nigeria’s manufacturing sector has remained fluctuating over the years due to persistent structural challenges.
He emphasised that MAN has continued to engage government and international partners to promote industrialisation and sustainable growth.
The MCCI rose modestly by 0.4 points from 50.3 in the second quarter to 50.7 in the third quarter of 2025, signaling a cautiously improving confidence level among manufacturers.
However, all current indices remained below the 50-point benchmark, indicating continued fragility in the sector.
MAN Director General, Segun Ajayi-Kadir, identified high inflation, volatile exchange rates, and elevated interest rates as key drags on production performance.
He also noted that current production conditions declined slightly due to energy supply disruptions.
Despite the challenges, MAN is optimistic about the next quarter, buoyed by policy incentives such as reduced interest rates, suspension of the 4% Free-on-Board levy, and tax reliefs for local raw material sourcing.
The MAN President urged the Federal Government to critically review and implement the recommendations contained in both the MCCI and Think Tank reports to consolidate gains and address lingering constraints.
He stressed that a nation that neglects manufacturing may grow in numbers but not in wealth, and that real growth begins only when raw potential is refined into productive capacity.
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