According to the Manufacturers Association of Nigeria (MAN), the third quarter saw a slight 0.3-point drop in the state of production. According to the group, the oil and gas industry’s labor issues, which “disrupted gas supply, raised energy costs, and constrained manufacturing output,” were mostly to blame for the fall. At the public presentation of the 2025 MAN CEO’s Confidence Index and 2025 MAN Think TankDaily Trust reports on Tuesday, MAN Director General Segun Ajayi-Kadir stated that MCCI is the association’s quarterly indicator of the performance of the manufacturing sector as well as the expectations and perceptions of CEOs of manufacturing concerns. It reflects how manufacturing operations and confidence levels are shaped by market dynamics, economic fundamentals, and prevailing government policiesAccording to the DG, the Aggregate Index increased slightly by 0.4 points, from 50.3 in Q2 2025 to 50.7 in Q3 2025, according to the results of the Q3 2025 MCCI. “Although it might seem insignificant, the increase is noteworthy as it represents the second consecutive quarterly increase, indicating a cautiously improving perception among manufacturers,” he said. He claims that the index breakdown reveals that the current business and employment conditions saw modest increases of 0.6 and 0.3 points, respectively, indicating increased confidence brought on by the trend toward disinflation and a more stable exchange rate, which have reduced pressures on input costs.
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