The Manufacturers Association of Nigeria (MAN) has raised concerns that Nigeria’s recent GDP growth figures may not provide a complete picture of the economic difficulties facing the country’s industrial sector. The association argued that while official data may indicate economic expansion, many manufacturers continue to face serious challenges that are affecting production, investment and business sustainability. According to MAN, rising energy costs, unstable electricity supply, high interest rates, foreign exchange pressures, increased transportation expenses and weak consumer purchasing power continue to place significant pressure on businesses. The association also identified insecurity as a major concern, noting that security problems in different parts of the country can disrupt the movement of raw materials, finished products and workers. MAN maintained that measuring economic progress solely through GDP growth could overlook the experiences of businesses operating under difficult conditions. It called for greater attention to indicators such as manufacturing output, employment, investment, productivity and the survival of local businesses. The association urged the Federal Government to strengthen the industrial sector by improving electricity supply, infrastructure and security while creating a more predictable environment for manufacturers and investors. MAN also stressed the need for policies that would reduce production costs and encourage domestic manufacturing. The concerns have sparked renewed discussion about the quality of Nigeria’s economic growth and whether increases in national output are translating into improved conditions for industries and households. The association believes sustained growth must be supported by stronger industrial production and improved security across the country.
