Use inflation moderation to cut manufacturing costs, MAN to FG

The Manufacturers Association of Nigeria (MAN) has described the further moderation in Nigeria's headline inflation rate to 15.39 per cent in August 2026, from 15.43 per cent in July, as a positive but fragile development. MAN urged the Federal Government to shift attention from merely managing inflation to tackling the structural costs that make local manufacturing expensive. In a statement on Friday, MAN Director-General Segun Ajayi-Kadir said the marginal 0.04 percentage-point decline was important for business planning, investment and consumer welfare, but noted that a lower inflation rate does not necessarily translate into lower production costs for manufacturers. The association said manufacturers continue to contend with high energy costs, logistics challenges, foreign exchange-related expenses, elevated raw material prices and multiple fiscal and regulatory charges.

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