The Manufacturers Association of Nigeria (MAN) has raised concerns over the sharp decline in bank credit to the manufacturing sector, warning that the development could undermine industrial growth, worsen unemployment and jeopardise the implementation of the Nigeria Industrial Policy (NIP) 2025.

Commercial bank credit to Nigeria's manufacturing sector declined by 22.5% in 2025, raising concerns from MAN about industrial growth and job creation.

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