Director-General, Manufacturers Association of Nigeria, Segun Ajayi-Kadir. Photo: MAN
The Manufacturers Association of Nigeria has warned that the country’s broader industrial sector, which accounts for 17.23 per cent of Gross Domestic Product, is being crippled under severe structural pressures.
This comes as the group lamented on Thursday a sharp slowdown in industrial growth in the second quarter of 2026.
In a statement on the Q2 2026 GDP report released by the National Bureau of Statistics, MAN said industrial growth nearly halved, from 7.46 per cent in Q2 2025 to 3.96 per cent in Q2 2026.
According to the association, the National Bureau of Statistics recorded an overall year-on-year real GDP growth rate of 4.43 per cent in Q2 2026, higher than the 3.89 per cent posted in the first quarter and the 4.23 per cent recorded in the corresponding quarter of 2025.
