The Manufacturers Association of Nigeria (MAN) says the current production condition declined marginally by 0.3 point in the third quarter.
The association said the decline was largely due to the industrial disputes in the oil and gas sector which “disrupted gas supply, raised energy costs and constrained manufacturing output.”
The Director General of MAN, Segun Ajayi-Kadir said this on Tuesday at the public presentation of reports of Q3 2025 of MAN CEO’s Confidence Index and 2025 MAN Think Tank.
Daily Trust reports that MCCI is the association’s quarterly gauge of the perceptions and expectations of CEOs of manufacturing concerns as well as performance of the manufacturing sector.
It mirrors how prevailing government policies, market dynamics and economic fundamentals shape manufacturing activities and confidence levels.
The DG said the findings of the Q3 2025 MCCI revealed that the Aggregate Index rose modestly by 0.4 points, from 50.3 in Q2 2025 to 50.7 in Q3 2025. “While the increase may appear marginal, it is significant because it marks the second consecutive quarterly rise, signaling a cautiously improving perception among manufacturers,” he said.
