Nigeria’s Manufacturers Association (MAN) reports that, after three years, President Bola Ahmed Tinubu’s economic policies have yet to deliver tangible growth for the manufacturing sector. Despite numerous interventions including financial support, industrial roadmaps, fiscal adjustments, local content promotion, and foreign exchange reforms, manufacturers have not experienced a corresponding positive impact. The association indicates a disconnect between policy implementation and actual industrial development. MAN’s assessment suggests that the intended benefits of these initiatives have not materialized for businesses. This lack of progress raises concerns about the effectiveness of the current economic strategy in fostering industrial expansion. The group’s statement signals a need for reevaluation and potentially revised approaches to support the manufacturing industry. Further details of the assessment are expected to be released by MAN.
