Manufacturing Sector – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 28 May 2026 22:48:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Manufacturing Sector – InfoStride News https://www.theinfostride.com 32 32 Manufacturing Sector’s VAT Contribution Rises 39% to N803.5bn https://www.theinfostride.com/manufacturing-sectors-vat-contribution-rises-39-to-n803-5bn/ https://www.theinfostride.com/manufacturing-sectors-vat-contribution-rises-39-to-n803-5bn/#respond Thu, 28 May 2026 22:50:12 +0000 https://www.theinfostride.com/?p=465917 Nigeria’s manufacturing sector has recorded a significant boost in its Value Added Tax (VAT) contribution, climbing 39 percent to N803.5 billion, according to the latest figures from the National Bureau of Statistics (NBS). This surge underscores the sector’s resilience despite grappling with economic headwinds such as high production costs, inflationary pressures, and foreign exchange instability. [...]

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]]> https://www.theinfostride.com/manufacturing-sectors-vat-contribution-rises-39-to-n803-5bn/feed/ 0 BoI Pushes for Competitive Industrial Base to Boost Nigeria’s Manufacturing Sector https://www.theinfostride.com/boi-pushes-for-competitive-industrial-base-to-boost-nigerias-manufacturing-sector/ https://www.theinfostride.com/boi-pushes-for-competitive-industrial-base-to-boost-nigerias-manufacturing-sector/#respond Fri, 10 Oct 2025 12:15:44 +0000 https://www.theinfostride.com/?p=468731 The Bank of Industry (BoI) has underscored the urgent need for Nigeria to build a more competitive industrial base, noting that strategic reforms, stronger partnerships, and enhanced support for local manufacturers are critical if the country is to sustain growth, reduce import dependence, and maximise gains from regional trade arrangements. Speaking recently at a national [...]

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]]> https://www.theinfostride.com/boi-pushes-for-competitive-industrial-base-to-boost-nigerias-manufacturing-sector/feed/ 0 Manufacturing sector leads, as commercial bank lending to the private sector rise to record high N26.8 trillion in June 2022 https://www.theinfostride.com/manufacturing-sector-leads-as-commercial-bank-lending-to-the-private-sector-rise-to-record-high-n26-8-trillion-in-june-2022/ https://www.theinfostride.com/manufacturing-sector-leads-as-commercial-bank-lending-to-the-private-sector-rise-to-record-high-n26-8-trillion-in-june-2022/#respond Wed, 10 Aug 2022 22:36:51 +0000 https://www.theinfostride.com/?p=330390 Nigerian banks’ credit to the private sector rose to N26.8 trillion as of June 2022 the highest on record. This is according to provisional data from the Central Bank of Nigeria. Commercial banks also known as deposit money banks lent out a total of N26.8 trillion as of June 2022 up from the N24.378 trillion lent out to the [...]

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]]> https://www.theinfostride.com/manufacturing-sector-leads-as-commercial-bank-lending-to-the-private-sector-rise-to-record-high-n26-8-trillion-in-june-2022/feed/ 0 Lagos Commissioner Solicits For Re-position of Manufacturing Sector To Ensure Economic Recovery https://www.theinfostride.com/lagos-commissioner-solicits-for-re-position-of-manufacturing-sector-to-ensure-economic-recovery/ Sat, 05 Aug 2017 22:47:20 +0000 http://www.theinfostride.com/?p=176559 The Commissioner For Commerce, Industry and Cooperatives in Lagos State, Prince Rotimi Ogunleye has underscored the need to reposition the manufacturing sector to take its rightful position as a major contributor to the country’s GDP just as he sought the continued collaboration of the Organised Private Sector, OPS, in evolving policies that will pave way [...]

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