The Producers Affiliation of Nigeria (MAN) has emphasised the necessity for sustained authorities reforms to make sure the continued restoration and development of the nation’s manufacturing sector.
The president of MAN, Otunba Francis Meshioye, acknowledged this on the Affiliation’s third quarter 2025 Producers CEO’s Confidence Index (MCCI) and the 2025 MAN Excessive-Stage Suppose Tank Report.
He famous that the efficiency of Nigeria’s manufacturing sector has remained fluctuating over time because of persistent structural challenges.
He harassed that MAN has continued to interact authorities and worldwide companions to advertise industrialization and sustainable development.
Citing key publications such because the MAN Blueprint 2.0, the Bi-Annual Financial Assessment, and the MCCI as instruments that information coverage formulation, Meshioye stated, “via evidence-based advocacy and strategic partnerships, MAN has contributed considerably to the evolution of pro-manufacturing insurance policies.”
He added that whereas successive governments have applied a few of MAN’s coverage suggestions, others had been nonetheless awaiting consideration.
The annual press briefing, he defined, serves as a strategic platform to induce authorities to revisit essential suggestions and fast-track interventions that may assure the survival and competitiveness of Nigerian industries.
In accordance with him, the MAN Suppose Tank is designed to deepen session and technical enter into coverage advocacy, partaking individuals from academia, skilled establishments, and related ministries.
The director-general of MAN, Mr. Segun Ajayi-Kadir, described the MCCI as a quarterly barometer of the perceptions and expectations of producing CEOs on the economic system.
He disclosed that the Mixture Index rose modestly by 0.4 factors from 50.3 within the second quarter to 50.7 within the third quarter of 2025, signaling a cautiously enhancing confidence stage amongst producers.
MAN DG attributed this enchancment to easing inflationary pressures, a extra steady alternate charge, and up to date authorities coverage changes.
Ajayi-Kadir cautioned that every one present indices remained under the 50-point benchmark, indicating continued fragility within the sector.
He recognized excessive inflation, risky alternate charges, and elevated rates of interest as key drags on manufacturing efficiency.
MAN DG added that whereas present manufacturing situations declined barely because of power provide disruptions, projections for the following quarter had been optimistic, buoyed by coverage incentives akin to decreased rates of interest, suspension of the 4 per cent Free-on-Board levy, and tax reliefs for native uncooked materials sourcing.
The MAN President reaffirmed that the sector was progressively inching towards full restoration, as evidenced by the constant rise within the confidence index.
He urged the federal authorities to critically evaluation and implement the suggestions contained in each the MCCI and Suppose Tank experiences to consolidate features and tackle lingering constraints.
“A nation that neglects manufacturing could develop in numbers however not in wealth. Actual development begins solely when uncooked potential is refined into productive capability,” Ajayi-Kadir acknowledged.
