By our reporter 21.9.2026
Due to weak purchasing power by hard pressed Nigerians consumers the Manufacturing Association of Nigeria revealed Monday that finish goods worth about ₦2.12 trillion are laying in factories across the country unsold.
MAN said in a report Monday that reduced purchasing power and weaker consumer spending was directly responsible for the development. However, Nigerian manufacturers invested a record ₦4.54 trillion in 2025. This represented a 59 per cent increase from the ₦2.85 trillion invested in 2024.
The report explained that part of the investment went into plants and machinery. Manufacturers invested about ₦2.47 trillion in these areas during 2025.
The food, beverage and tobacco sector recorded the largest investment, with about ₦1.30 trillion. The non-metallic mineral products sector followed with about ₦960.44 billion.
MAN, recently asked the Federal government to release the N1 trillion manufacturing stabilisation fund it promised to support local producers.
“Ironically, this same government promised this, I think about two years back, in its Economic Stabilisation Plan. But today, that fund is yet to be made available,” said MAN director-general Segun Ajayi-Kadir, director-general (DG) of MAN at the BusinessDay Go Local Summit 2.0 in Lagos.
