MAN calls for reforms to curb inflation

The Manufacturers Association of Nigeria has renewed its call for coordinated structural reforms to tackle inflation, improve productivity and enhance the competitiveness of the country's manufacturing sector.
The association made the appeal following the latest National Bureau of Statistics data, which showed that Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026 from 15.93 per cent recorded in May. Despite the marginal decline, food inflation continued to rise on a month-on-month basis, driven by increases in the prices of fresh pepper, tomatoes, crayfish, beef, garri, yams and other staple foods.
Director-General of MAN, Segun Ajayi-Kadir, said the renewed inflationary pressure underscores the fragile nature of Nigeria's economic recovery, noting that rising food prices, high energy costs, transportation expenses and exchange rate volatility continue to increase production costs and reduce consumers' purchasing power. He said sustainable reduction in inflation can only be achieved through coordinated reforms that improve productivity, strengthen infrastructure, enhance security in agricultural and industrial communities, and stabilize the foreign exchange market.