US-Iran conflict: MAN outlines measures to mitigate effect on Nigerian manufacturers

Author: Urowayino JeremiahPublished on: April 6, 2026Country: Nigeria

Business & Economy

US-Iran conflict: MAN outlines measures to mitigate effect on Nigerian manufacturers

The Manufacturers Association of Nigeria (MAN) warned that geopolitical tensions in the Middle East pose severe risks to Nigeria's manufacturing sector. Director General Segun Ajayi-Kadir stated that rising energy costs and imported inflation threaten the projected 3.1% growth for 2026. MAN urged the Federal Government to implement targeted interventions, including fast-tracking the Compressed Natural Gas initiative to reduce dependence on diesel.

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