The Manufacturers Association of Nigeria has projected that the country’s manufacturing output will grow by 3.1 per cent in 2026, driven by new tax incentives, harmonisation of levies expected under the new tax regime taking effect in January 2026 and increased government patronage.
According to the Manufacturers’ CEOs Confidence Index released in October by the association, the projected 3.1 per cent output growth compared to the 1.6 per cent growth recorded in the second quarter of 2025 will raise the manufacturing sector’s contribution to real Gross Domestic Product to 10.2 per cent next year.
The Director of the Research and Economic Policy Division, MAN, Oluwasegun Osidipe, said the anticipated improvement would depend on the effective execution of incentives in the new tax laws, the implementation of the National Single Window Project, and the alignment of the Nigeria Industrial Policy with the Nigeria First policy framework.
Osidipe explained that manufacturers had struggled under multiple taxation, which hindered growth in recent years, stating, “You could not move your goods through the 774 local governments without paying. I’m just using that as an example for time’s sake. Without paying for something, whether it’s for loading or offloading goods.”
