Bank lending to Nigeria’s manufacturing sector experienced a significant decrease of 22.5% in 2025, according to data released by the Manufacturers Association of Nigeria (MAN). This substantial drop in credit access has sparked worries regarding the future growth of the industrial sector and its capacity to generate employment. MAN expressed concern that reduced financial support will hinder production and investment within the industry. The decline potentially impacts the sector’s contribution to the national economy and overall economic diversification efforts. Further analysis suggests this trend could exacerbate existing challenges faced by manufacturers, including foreign exchange volatility and infrastructure deficits. Details regarding the specific reasons for the lending reduction are currently under investigation, but industry stakeholders are calling for interventions to restore credit flow. The Punch newspaper originally reported this development.