May 26, 2026
By Victor Ahiuma-Young
Manufacturers under the aegis of the Association of Food, Beverage and Tobacco Employers, AFBTE, have indicated that its operating environment in Nigeria is worsening.
It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival.
The employers warned that despite recent macroeconomic reforms and signs of economic stabilisation, manufacturers are still grappling with rising production costs, weak consumer purchasing power and shrinking profit margins.
