Manufacturers’ confidence rebounds despite high borrowing costs, power woes
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.1 points signals renewed confidence among manufacturers, driven largely by expectations that recent policy initiatives, including the Nigeria Industrial Policy, the ‘Nigeria First’ Policy, Executive Orders 003 and 005, and the Nigeria Tax Act 2025, will improve the operating environment.
He listed limited access to finance, persistent electricity shortages, high production costs, inadequate foreign exchange availability, weak consumer demand and multiple taxation as the major constraints confronting manufacturers.
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