Manufacturers’ Tax Contributions Crash 68% as New Tax Regime, Cost Pressures Bite

June 22 (THEWILL) — Company Income Tax (CIT) payments from Nigeria’s manufacturing sector plunged by 68.25 percent year-on-year in the first quarter of 2026, underscoring the mounting pressures facing producers amid a new tax framework, weak consumer demand and persistently high operating costs. Data from the National Bureau of Statistics (NBS) showed that manufacturing companies

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