NGNigeria's manufacturing sector faces ongoing challenges that could hinder its recovery, according to recent economic indicators and expert analyses. The Purchasing Managers' Index (PMI) for manufacturing rose slightly to 50.10 in June, marking a return to expansion after earlier contractions. However, analysts warn that this marginal gain does not address underlying issues such as surging energy costs, high interest rates, and weak consumer demand. Experts like Dr. Muda Yusuf of the Centre for the Promotion of Private Enterprise highlight that rising operational expenses, particularly related to energy, are significantly impacting manufacturing performance. Additionally, access to affordable financing remains limited due to underfunded development finance institutions. Industry leaders, including Kuteyi Duro of the Association of Food and Agro-allied Processors of Nigeria, express concerns over persistent cost increases and criticize government fiscal policies, suggesting these factors may lead to factory closures. While manufacturing contributed 9.57% to GDP in Q1 2026, analysts stress that the sector's recovery remains vulnerable due to continued financial and operational hurdles
Bias read (Center): While the article discusses economic challenges facing Nigeria's manufacturing sector, it presents information from multiple stakeholders without overtly favoring any particular political ideology. It includes perspectives from industry leaders and economists, highlighting both structural problems (
