MAN Laments Credit Contraction of N1.92trn to Manufacturing Sector in 2025

The Manufacturers Association of Nigeria (MAN) has expressed deep concern over a significant reduction in credit to the manufacturing sector, amounting to N1.92 trillion in 2025. This contraction, which is expected to make borrowing between 27% and 35% in 2026, could severely hinder the implementation of the current industrial policy. MAN warns that this financial squeeze could jeopardize the growth and sustainability of local manufacturing, potentially leading to job losses and reduced economic output. It underscores the critical need for supportive financial policies to bolster the sector's resilience.