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MAN raises alarm over industrial growth decline

The Manufacturers Association of Nigeria (MAN) has raised the alarm over the steep decline in overall industrial growth in the second quarter of 2026, describing the sector as suffocating under severe structural headwinds. The National Bureau of Statistics (NBS) Q2 2026 Gross Domestic Product (GDP) report revealed an overall year-on-year real GDP growth rate of […]

Manufacturers Slam 27.5% MPR, Warn of Sector Collapse Without Credit Relief

The Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry (LCCI), and Nigeria Employers’ Consultative Association (NECA) have expressed grave concern over the Central Bank of Nigeria’s decision to maintain the Monetary Policy Rate (MPR) at 27.5%, a level they describe as unsustainably high for productive sectors. Following Tuesday’s Monetary Policy Committee (MPC) […]

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