MAN seeks tax harmonisation, stable policies to boost manufacturing
Manufacturers Association of Nigeria Calls for Key Reforms at Annual Meeting
ABEOKUTA, Nigeria — The Manufacturers Association of Nigeria (MAN) has issued an urgent call for tax harmonization, enhanced infrastructure, a reliable energy supply, and a stable regulatory framework to bolster the country’s manufacturing sector.
This appeal was made during the 41st Annual General Meeting (AGM) of MAN’s Ogun Branch, held in Abeokuta. The theme of the meeting was “Building a Resilient Manufacturing Sector: Surmounting the Challenges of Fiscal and Regulatory Policies and Tariffs.”
In his address, MAN President Francis Meshioye noted that manufacturers have faced significant challenges due to recent federal economic reforms. He highlighted rising production costs, decreasing investments, and increasing operational pressures as major consequences of these changes.
“Resilience in manufacturing means the ability to absorb economic shocks, adapt to policy changes, and remain competitive while continuing to produce, invest, and create jobs amid ongoing challenges,” Meshioye stated.
He emphasized that predictable fiscal policies, smart regulation, affordable energy, improved infrastructure, access to low-interest loans, and protection against unfair imports are essential for revitalizing the sector.
Meshioye urged all levels of government to ensure that taxes, levies, and tariffs are consistent and predictable. He called on regulatory agencies to focus on fostering industrial growth rather than prioritizing revenue generation.
Despite highlighting that MAN has secured concessions regarding safety audit fees and strengthened discussions around water abstraction and environmental compliance, he expressed concerns over issues such as multiple taxation and inadequate industrial roads, which still demand timely action.
“There is a pressing need for sustained public-private dialogue, harmonization of regulatory requirements, and the rehabilitation of industrial roads in Agbara, Ota, and Sagamu,” Meshioye said.
In addition, he urged for improved access to finance, energy, and foreign exchange. He called on the Federal Government to clarify the implementation of the 2025 tax laws, reject retroactive taxation, and instruct the Central Bank of Nigeria to settle outstanding foreign exchange obligations owed to manufacturers.
