The Manufacturers Association of Nigeria (MAN) has expressed concern over the disconnect between macroeconomic figures and real-sector vitality following the release of the Second Quarter 2026 Gross Domestic Product (GDP) report. The report showed an overall year-on-year real GDP growth rate of 4.43 percent, up from 3.89 percent in Q1 2026 and 4.23 percent in Q2 2025. MAN noted that the growth is disproportionately service-driven, with the services sector constituting 56.62 percent of GDP, while the broader industrial sector, which makes up 17.23 percent of GDP, is facing severe structural headwinds. The association called for a critical alarm about the precipitous plunge in overall industrial growth.
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