Manufacturers’ confidence rebounds despite high borrowing costs, power woes

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Manufacturers in Nigeria have shown improved confidence in the business environment in Q2 2026, driven by expectations of better government policies. However, challenges persist, including high borrowing costs, power supply issues, foreign exchange constraints, and multiple taxation.

By Yinka Kolawole Manufacturers’ confidence in Nigeria’s business environment rebounded in the second quarter of 2026 (Q2’26) buoyed by expectations of improved government policies and a more favourable operating climate. But the sector operators have continued to grapple with high borrowing costs, inadequate power supply, foreign exchange constraints and multiple taxation. The latest Manufacturers CEO Confidence […] The post Manufacturers’ confidence rebounds despite high borrowing costs, power woes appeared first on Vanguard News.