The Manufacturers Association of Nigeria has reported that the gross value of unsold inventory in the manufacturing sector rose to N1.04tn in the first half of 2025, representing a 16.05 per cent increase from N896.2bn recorded in the second half of 2024.
The association described the development as alarming, attributing it to low government patronage of locally made products and persistent macroeconomic pressures that continue to constrain industrial productivity.
Director-General of MAN, Segun Ajayi-Kadir, alongside the Director of MAN Research and Economic Policy Division, Oluwasegun Osidipe, presented the findings of the Q3 2025 Manufacturers CEO’s Confidence Index and the 2025 MAN Think Tank Report in Lagos on Tuesday.
Ajayi-Kadir warned that the surge in unsold goods reflected weak consumer demand and the poor implementation of the government’s local content policies.
“Low patronage by government agencies remains one of the top challenges facing manufacturers,” Ajayi-Kadir said.
“Despite our persistent advocacy for public institutions to lead by example in buying made-in-Nigeria products, implementation remains weak, and this has left local industries struggling with rising inventories.”
