Manufacturers raise alarm as credit to sector falls by N1.9 trillion

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The Manufacturers Association of Nigeria reported a sharp decline in bank credit to the manufacturing sector, falling by 1.92 trillion Naira from December 2024 to December 2025. The association flagged concerns over the impact of this credit contraction and rising costs on the industry.

The Manufacturers Association of Nigeria (MAN) has raised fresh concerns as bank credit to the sector declined by N1.92 trillion from N8.53 trillion in December 2024 to N6.61 trillion in December 2025. MAN stated this in a statement signed by its Director-General, Segun Ajayi-Kadir, released on Tuesday. The trade group also lamented the high cost […] The post Manufacturers raise alarm as credit to sector falls by N1.9 trillion appeared first on Nairametrics.