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Politics Metro Business Sports Editorial Columns Allure “The cost of production is increasing daily. When diesel and
petrol prices rise together, alongside raw material costs, it becomes difficult for industries to break even,” Duro
said.Related NewsMAN launches industrial energy adoption programme to cut manufacturers' energy costsYour prosperity
claims, mere fiction, Atiku replies TinubuN10trn investments in 13 years fail to lift power supply He also criticised
aspects of the government’s fiscal policies, including taxation and import waiver implementation, warning that the
difficult operating environment is forcing some manufacturers to contemplate shutting down operations. Data from the
National Bureau of Statistics (NBS) showed that manufacturing contributed 9.57 per cent to Nigeria’s real Gross
Domestic Product (GDP) in the first quarter of 2026, an improvement from 7.40 per cent recorded in the fourth quarter of
2025. However, analysts caution that the sector’s recovery remains fragile. They note that manufacturers continue to
battle elevated energy and borrowing costs, while weak household purchasing power is constraining demand for locally
produced goods. They argued that sustaining the recovery will require policies that lower the cost of doing business,
improve electricity supply, expand access to affordable credit, upgrade infrastructure and encourage local sourcing of
raw materials.