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

• Says manufacturers borrowing at between 27% and 35% in 2026

• Warns it will derail implementation of current industrial policy

Dike Onwuamaeze

Manufacturers Association of Nigeria (MAN) has decried the severe financial constraints besetting the manufacturing sector, which it said suffered credit contraction of N1.92 trillion in 2025.

MAN made the disclosure yesterday in a public statement by Director-General of MAN, Mr. Segun Ajayi-Kadir, titled, “MAN Position on the Sharp Decline in Credit to the Manufacturing Sector.”