The Manufacturers Association of Nigeria (MAN) has reported that the Nigeria Tax Act 2025 has yet to ease the burden of multiple taxes and levies on manufacturers.
In its Manufacturers CEO Confidence Index (MCCI) for the second quarter of 2026, the association said manufacturers continued to encounter multiple tax collectors and regulatory agencies during the period.
MAN Director-General Segun Ajayi-Kadir said the law, which was expected to reduce the weight of multiple taxation, had so far failed to deliver the intended relief. “Manufacturers complained that they were still met with multiple tax collectors and regulators in Q2 2026. It follows that the implementation of the Nigeria Tax Act 2025 is yet to achieve its objective of relieving manufacturers of the burden of taxes and levies,” he stated.
The report described Nigeria’s business environment as largely unsupportive of manufacturing growth. The only indicator that showed clear improvement was local sourcing of raw materials, driven mainly by persistent foreign-exchange constraints that have pushed firms to look inward for inputs. MAN cautioned, however, that rising insecurity in parts of the country could reverse these gains.
Manufacturers recorded a modest rise in sales volume in the quarter, but higher production, distribution and logistics costs continued to squeeze profitability. Capacity utilisation, production levels, investment and employment remained broadly flat.
Although recent foreign-exchange reforms have helped stabilise the naira, the association noted that inadequate foreign-currency supply still constrains operations. Other persistent challenges listed in the report include poor infrastructure, high production costs, raw-material shortages and unfavourable trade policies.
MAN said the findings highlight the ongoing pressure on the manufacturing sector despite recent fiscal and currency reforms, and called for more effective implementation of policies aimed at improving the operating environment for the real sector.
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