MAN Calls for Reforms as Inflation Remains High in Nigeria

The Manufacturers Association of Nigeria (MAN) has reiterated its call for coordinated structural reforms to tackle inflation, enhance productivity, and boost the competitiveness of Nigeria’s manufacturing sector. This appeal comes as the National Bureau of Statistics reported a marginal decrease in Nigeria’s headline inflation to 15.91% in June 2026 from 15.93% in May.

Despite this slight decline, food inflation increased month-on-month due to rising prices of essential items such as fresh pepper, tomatoes, crayfish, beef, garri, and yams. Segun Ajayi-Kadir, the Director-General of MAN, noted that the persistent inflation underscores the fragility of Nigeria’s economic recovery, with escalating food prices, energy costs, transportation expenses, and exchange rate pressures contributing to higher production costs and diminished consumer purchasing power.

Ajayi-Kadir emphasized that addressing inflation necessitates structural reforms aimed at improving productivity, strengthening infrastructure, enhancing security in agricultural and industrial areas, and stabilizing the foreign exchange market.