The Manufacturers Association of Nigeria (MAN) has stated that the economic reforms introduced by President Bola Ahmed Tinubu’s administration have laid a solid foundation for Nigeria’s long-term economic recovery and sustainable growth.

The association noted that while some of the reforms have posed short-term challenges for businesses and households, they are addressing structural issues that have hindered economic development for years. According to MAN, measures such as foreign exchange reforms and fiscal adjustments are helping to reposition the economy for greater resilience and competitiveness.

MAN also observed that the reforms are beginning to improve macroeconomic stability, strengthen investor confidence, and create opportunities for increased local production and industrial expansion. The group stressed the need for continued policy consistency and targeted support for manufacturers to ensure that the benefits of the reforms are fully realized.

The association expressed optimism that sustained implementation of the reforms, alongside improvements in infrastructure and the business environment, would place Nigeria on a stronger path toward long-term economic growth, job creation, and national prosperity.