MAN Warns FG, Says N77trn Debt may Halt Tinubu’s Economic Plan Nigeria's estimated N77 trillion debt burden is likely to stifle President Tinubu's economic plans, says the Manufacturers Association of Nigeria (MAN). The manufacturers also lamented that the sector has been at the receiving end of...

Manufacturers Spent N119bn To Generate Power In Nine Years   Expenditure by manufacturers on alternative energy sources (excluding power from distribution companies) jumped by 82 per cent, from N25bn in 2014 to N144bn in 2022. This is according to data collated from the annual and bi-annual reports...

MAN Tasks Exporters On AfCFTA As Nigeria's Absence Sparks Reaction   The Manufacturers Association of Nigeria Export Promotion Group (MANEG), a subgroup of the Manufacturers Association of Nigeria (MAN), has urged exporters in the country to fully participate in the African Continental Free Trade Agreement (AfCFTA)...

Foreign Investments in Manufacturing Falls by 35%, Says NBS Foreign investments to the manufacturing sector dropped by 35 per cent from $392.5m in the fourth quarter of 2022 to $256m in the first quarter of 2022, the National Bureau of Statistics’ capital importation report for...

Rate Hike: MAN, NECA Warn CBN on Imminent Recession, Higher Prices   The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers’ Consultative Association (NECA) have said the recent increase of the Monetary Policy Rate by the Central Bank of Nigeria will compound the imminent recession...

MAN, Others Reject FG’s Excise Tax Hike   The Organised Private Sector of Nigeria comprising the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Nigeria Employers’ Consultative Association (NECA), the Nigerian Association of Small Scale Industries...