The Manufacturers Association of Nigeria (MAN) has released its third-quarter 2025 Manufacturers CEO’s Confidence Index (MCCI), alongside highlights from the 2025 MAN High-Level Think Tank Report, calling for sustained government reforms to ensure the continued recovery and growth of Nigeria’s manufacturing sector.
At the official presentation of the reports in Lagos, Otunba Francis Meshioye, OFR, President of MAN, highlighted the persistent structural challenges that have caused fluctuations in the sector’s performance over the years. He emphasized that MAN continues to engage both government and international partners to foster industrialization and sustainable growth.
“Through evidence-based advocacy and strategic partnerships, MAN has contributed significantly to the evolution of pro-manufacturing policies,” Meshioye said, citing key publications such as the MAN Blueprint 2.0, the Bi-Annual Economic Review, and the MCCI as essential tools guiding policy formulation.
While some of MAN’s policy recommendations have been adopted by successive governments, Meshioye stressed that several critical interventions remain pending. The annual press briefing, he noted, provides a strategic platform to urge government to revisit these recommendations and implement measures that will safeguard the survival and competitiveness of Nigerian industries.
The MAN Think Tank, according to Meshioye, was established to deepen consultation and technical input into policy advocacy. It engages participants from academia, professional institutions, and relevant ministries to ensure that industrial strategies are well-informed and sustainable.
Speaking on the performance of the manufacturing sector, Segun Ajayi-Kadir, mni, Director General of MAN, described the MCCI as a quarterly barometer of the perceptions and expectations of manufacturing CEOs regarding the economy. He revealed that the Aggregate Index rose modestly from 50.3 in Q2 to 50.7 in Q3 2025, signaling cautious optimism among industry leaders.
Ajayi-Kadir attributed the slight improvement to easing inflationary pressures, a more stable exchange rate, and recent government policy adjustments. However, he cautioned that all current indices remain below the 50-point benchmark, reflecting ongoing fragility in the sector. He identified high inflation, volatile exchange rates, and elevated interest rates as significant constraints on production performance.
Despite a slight decline in current production conditions due to energy supply disruptions, projections for the next quarter appear positive. Policy incentives, including reduced interest rates, suspension of the 4% Free-on-Board levy, and tax reliefs for local raw material sourcing, are expected to further support manufacturing recovery.
The MAN President reaffirmed that the sector is gradually inching toward full recovery, evidenced by the consistent rise in the confidence index. He urged the Federal Government to critically review and implement the recommendations in both the MCCI and Think Tank reports to consolidate gains and address lingering challenges.
“A nation that neglects manufacturing may grow in numbers but not in wealth. Real growth begins only when raw potential is refined into productive capacity,” Ajayi-Kadir remarked, underscoring the strategic importance of the sector in Nigeria’s economic development.
MAN releases Q3 2025 CEO Confidence Index, highlighting cautious recovery in Nigeria’s manufacturing sector and urging urgent government reforms to enhance industrial growth and competitiveness.
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