Report: Manufacturers Yet to Feel Significant Impact on Productivity from Increased Capital Spending

Report: Manufacturers Yet to Feel Significant Impact on Productivity from Increased Capital Spending

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Dike Onwuamaeze

Chief executive officers (CEOs) of manufacturing companies in Nigeria have said government infrastructure spending has not significantly boosted their productivity.

The CEOs also objected to claims of improvements in foreign exchange sourcing and expressed dissatisfaction with the size and cost of credit from commercial banks. They raised concern about overregulation of business activities in Nigeria and uncertainty surrounding the implementation of the Nigeria Tax Act 2025, which might cast doubts on its expected benefits.