Nigeria may lose N2.8 trillion to new sugar tax, manufacturers warn
Director General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir If the Customs and Excise Tariff (Consolidation) Act (Amendment) Bill 2025 is passed into law, Nigeria stands to lose an estimated N2.8 trillion in value chain activity within the first six to twelve months, the Manufacturers Association of Nigeria (MAN) has warned. MAN Director-General, Segun Ajayi-Kadir, […]
Pros and cons of Nigeria’s $10b surge in capital importation
By Marcel Okeke In the past couple of days, Nigeria’s news media have been inundated with a story saying that capital importation into Nigeria in the first quarter 2026 stood at $10.37 billion, a surge of about 84 per cent compared to the same period last year. Capital importation is money (foreign exchange, FX) or […]
Manufacturers, others oppose proposed changes in sugar tax
Manufacturers and industry stakeholders have expressed opposition to the recently proposed Customs and Excise Tariff (Amendment) Bill (CETA) 2025, warning that the legislation could worsen the country’s already challenged business environment and real sector if passed into law. This opposition comes as the bill advances through the National Assembly and seeks to replace the current flat-rate […]
MAN Seeks Steady Crude Supply for Petrochemical Sector
The Manufacturers Association of Nigeria has called on the Federal Government to ensure consistent crude supply to refineries and petrochemical plants and invest massively in gas supply infrastructure following the Dangote Petroleum Refinery deal with Honeywell UOP to expand petrochemical production. In an interview with Sunday PUNCH, the Director-General of MAN, Segun Ajayi-Kadir, said the […]
MAN Rejects Petrol Import Proposal, Cites Economic Harm
The Manufacturers Association of Nigeria has urged the Federal Government to reject policy recommendations suggesting the reinstatement of petrol import licences, describing the proposal as flawed and harmful to Nigeria’s industrialisation drive. The position follows the now-retracted recommendation by the World Bank in its April 2026 Nigeria Development Update. In a statement on Friday, Director-General […]
Tax Reforms Must Support Economic Growth in Nigeria
The Manufacturers Association of Nigeria has called for a tax system that goes beyond revenue generation to a tax system that actively drives production and economic growth. The Chairman, MAN, South-East Zone, Mrs Adaora Chukwudozie, made the call on Thursday, during a stakeholders’ engagement in Enugu organised by the Enugu State Internal Revenue Service, Nigerian […]
OPS urges Tinubu to halt new Nigerian beverage levy bill
The Organised Private Sector of Nigeria has urged President Bola Tinubu to intervene and halt the passage of the proposed Customs, Excise and Tariff Amendment Bill, warning that a new levy on non-alcoholic beverages will worsen production costs and threaten jobs. The OPS, comprising the Manufacturers Association of Nigeria, the Nigerian Association of Chambers of […]