How manufacturing sector can grow in 2026 — experts
Experts say Nigeria’s manufacturing sector can grow in 2026 if government delivers macroeconomic stability, effective tax incentives and better access to affordable credit. They argue that easing inflation, stabilising the naira and lowering interest rates will help factories plan, invest and boost capacity. The Manufacturers Association of Nigeria notes that recent reforms and the new tax laws offer an opportunity to reset the real sector, but only if they are properly implemented. It says manufacturers need a predictable policy environment, faster execution of incentives and less bureaucracy to unlock new investment. Key recommendations include creating a Manufacturing Refinancing and Rediscounting Facility to allow banks refinance approved loans at single digit rates for up to seven years. Stakeholders also want lower benchmark interest rates over the next two quarters to make bank credit more affordable for factories. Experts further propose a […]