Manufacturers Seek Deeper Reforms to Strengthen Nigeria’s Industrial Competitiveness
MAN says structural challenges continue to limit productivity despite ongoing economic reforms
By GLEBM News
The Manufacturers Association of Nigeria (MAN) has renewed calls for comprehensive structural reforms aimed at improving productivity, reducing production costs and strengthening the competitiveness of Nigeria’s manufacturing sector.
The association said while recent economic reforms are intended to reposition the economy, manufacturers continue to face significant operational challenges, including high energy costs, foreign exchange volatility, rising financing costs and multiple regulatory obligations.
According to MAN Director-General Segun Ajayi-Kadir, addressing inflation alone will not be sufficient unless broader reforms improve the operating environment for businesses.
He explained that manufacturers require stable macroeconomic policies, improved infrastructure, affordable financing and policy consistency to expand production and create more employment opportunities.
The association maintained that manufacturing remains one of the country’s most important drivers of industrialisation, value addition and non-oil export growth, stressing that sustained investment in the sector would contribute significantly to economic diversification.
MAN also advocated stronger collaboration between government and industry stakeholders to develop policies capable of improving local production, attracting investment and enhancing Nigeria’s competitiveness within regional and global markets.
Industry analysts believe that reducing logistics costs, improving electricity supply and expanding access to industrial financing will remain critical to strengthening manufacturing performance and increasing private sector confidence.
