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MANUFACTURERS ASSOCIATION OF NIGERIA
The Manufacturers Association of Nigeria (MAN) has expressed optimism that the recent decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to lower the Monetary Policy Rate (MPR) by 50 basis points will pave the way for deeper cuts in lending rates to support the country’s struggling manufacturing sector.
The Manufacturers Association of Nigeria (MAN) has warned that the proposed introduction of a Tax Stamp System for excisable goods could worsen inflation, erode consumer demand, and weaken Nigeria’s competitiveness under the African Continental Free Trade Area (AfCFTA).
The Manufacturers Association of Nigeria (MAN) has praised the Federal Government’s suspension of the controversial 4% Free-on-Board (FOB) import charge, saying the move has spared the economy from what could have been a major inflationary shock.
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance and implement a rate cut to ease inflation and revive growth in the real sector, especially manufacturing and agriculture.
Unilever Nigeria Plc, a leading global manufacturer of consumer goods, paid a courtesy visit to the leadership of the Manufacturers Association of Nigeria (MAN) at the association’s head office in Lagos.
The Manufacturers Association of Nigeria (MAN) has called on the Lagos State Government to urgently reconsider its planned ban on single-use plastics (SUPs), warning that the move could have far-reaching economic, operational, and social consequences for manufacturers, traders, recyclers, and end users.
The Manufacturers Association of Nigeria (MAN) has revealed that Nigeria’s nominal manufacturing output surged by 34.9% to N33.43 trillion in second half 2024, primarily driven by mounting inflationary pressures and rising domestic prices.
The Manufacturers’ Chief Executive Officers’ Confidence Index in the fourth quarter of 2024 increased modestly by 0.5 points from 50.2 points in Q3 2024 to 50.7 points in Q4 2024.
The Manufacturers Association of Nigeria (MAN) has called for the suspension of the implementation of a 4% charge on all Free On-Board (FOB) value of imports recently imposed by the Nigerian Customs Service.
The Manufacturers Association of Nigeria (MAN), has condemned the proposed 15% increase in port-related charges, saying it will increase production costs and drive up inflation in the country.
The Manufacturers Association of Nigeria (MAN) is seeking the timely passage of the controversial tax bill and an upgrade of road infrastructure, among other demands from the Federal Government.
The Manufacturers Association of Nigeria (MAN) has condemned what it described as “unwise, unwarranted, and ill-timed” sealing of some manufacturing industries in Lagos by the state government.