Manufacturers Yet to Benefit From Nigeria Tax Act, MAN Says

The Manufacturers Association of Nigeria (MAN) has said manufacturers are yet to enjoy relief from multiple taxes and levies despite the enactment of the Nigeria Tax Act 2025. In its Manufacturers CEO Confidence Index (MCCI) report for the second quarter of 2026, the association said manufacturers continued to face multiple tax collectors and regulatory agencies, with MAN Director-General, Segun Ajayi-Kadir, noting that the new law had yet to achieve its intended objective. The report said Nigeria’s business environment remained largely unsupportive of manufacturing growth, although local sourcing of raw materials improved due largely to foreign exchange constraints. MAN, however, warned that insecurity, excessive regulation, inadequate foreign currency supply and rising production, distribution and logistics costs continued to undermine manufacturers’ profitability, while capacity utilisation, production, investment and employment remained broadly unchanged.

Written by News Room