ECONOMIC REFORMS: Manufacturers’ alternative energy expenditure surges 71.4% to N1.34trn in two years

June 3, 2026

By Yinka Kolawole

Manufacturers in Nigeria spent an estimated N1.34 trillion on alternative energy sources in 2025, representing a 71.4 per cent increase from N781.68 billion recorded in 2023, as businesses grappled with the rising cost of production triggered by ongoing economic reforms.

The Manufacturers Association of Nigeria (MAN) disclosed this in its assessment of the Federal Government’s economic reforms over the past three years, describing the period as one of difficult but consequential economic transition.

Director-General of MAN, Mr. Segun Ajayi-Kadir, said while the reforms were necessary to address long-standing structural distortions and reposition the economy for sustainable growth, manufacturers had borne a disproportionate share of the adjustment burden.