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MAN laments 66% rise in manufactured goods exports, insists it’s poor

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By Kayode Sanni-Arewa

The Manufacturers Association of Nigeria has said the 65.84 per cent increase in the value of manufactured goods exported in 2024 from 2023, stating it is below expectations.

The PUNCH found that the gross value of manufactured goods exported in 2024 was N2.28tn, an increase from N778.44bn in 2023.

While manufactured goods exports in 2023 were worse than the previous year, export value slumped in the fourth quarter of 2024.

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The National Bureau of Statistics’ Foreign Trade in Goods data showed the sector’s export value sustained growth in the first quarter of 2024 with N268.70bn, N480.82bn, and N1.04tn in the second and third quarters, respectively.

However, the export value of manufactured goods dropped by 52.48 per cent in Q4 2024 as the NBS reported a lesser value of 494.22bn.

Secretary of the Manufacturers Association of Nigeria Export Promotion Group, Dr Benedict Obhiosa told The PUNCH in a phone interview that the decline in the manufacturing sector’s Q4 2024 export performance stemmed from a hostile operating environment.

“The operating environment has been very hostile for the manufacturing sector over the past two years, especially in terms of infrastructure,” Obhiosa stated. “The high cost of energy, high cost of borrowing, erratic fluctuations in the exchange rate, among others has culminated in the low performance of the manufacturing sector.”

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MAN has called attention to the manufacturing sector’s debilitating state. Earlier in its Q4 2024 Manufacturers Chief Executive Officers Confidence Index, MAN’s Director-General, Segun Ajayi-Kadir noted, “Findings show that production and distribution costs surged further by 18.2 per cent in the quarter under review, from the 20.1 per cent increase witnessed in the preceding quarter.”

Meanwhile, MANEG’s Secretary, Obhiosa disagreed that the improvement in export value from 2023 was not enough to celebrate.

Obhiosa argued that while the NBS data revealed a slight increase, it does not transcend to growth in the sector. He explained that the manufacturing companies were still performing “far below their installed capacity.”

He declared that a more concrete path out of the challenge was an increased government commitment to issuing manufacturers export grants.

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“To maximise the potential of the manufacturing export sector, the Federal Government needs to be more deliberate and action-minded about fully implementing the Export Expand Grant aimed at boosting the non-oil export sector in Nigeria,” Obhiosa stressed. “Historically, EEG has been found to have spurred non-oil export growth in Nigeria.”

Obhiosa alleged that the Federal Government was complicit as it had not paid the EEG leading to years of payment backlog.

He explained: “If the Federal Government can be consistent with the payment of EEG, you can rest assured of higher foreign exchange earnings and inflow to Nigeria as export proceeds payments. As a result, many informal sector operators will even be attracted to the formal export channel.”

According to the NBS, the value of manufactured goods traded in Q4 2024 stood at N8.96tn, representing 24.50 per cent of total trade.

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The main export commodities were unwrought aluminium alloys exported to Japan and China, dredgers exported to Ivory Coast, and cathodes exported to Japan and China.

The NBS added that manufactured goods were mainly exported to Africa at N215.85bn, followed by exports to Asia valued at N165.97bn and Europe at N62.13bn.

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Rivers Assembly pass new major bills into law

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The Rivers State House of Assembly has endorsed three new bills aimed at shaping the state’s governance structure.

The bills were passed during the Assembly’s 136th Legislative Sitting on Friday and will be sent to Governor Siminalayi Fubara for approval.

The approved bills include the Rivers State House of Assembly (Powers and Privileges) Bill, 2025, the Rivers State Independent Electoral Commission (RSIEC) Bill, 2025, and the Rivers State Local Government Bill, 2025.

The Powers and Privileges Bill seeks to give the Assembly certain rights and protections to carry out its duties without interference.

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The RSIEC Bill will replace the 2018 electoral law and set new guidelines for the state’s electoral body in line with the 2022 Electoral Act and the 1999 Constitution.

The Local Government Bill will replace previous laws from 2018, 2023, and 2024, introducing a new framework for managing local government councils.

Speaker Martin Chike Amaewhule explained that the House was adopting parts of the Legislative Houses (Powers and Privileges) Act of 2017, which grants lawmakers certain authorities in carrying out their duties.

He also noted the need for the RSIEC Bill to align with national electoral laws, while the Local Government Bill was crafted to ensure compliance with constitutional provisions.

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After discussions, members of the Assembly agreed on the importance of the bills and gave their approval.

Rivers Assembly Adjourns Plenary Indefinitely
The fresh budget presentation scheduled for Wednesday March 19 may have suffered a setback as the Rivers State House of Assembly has adjourned its plenary indefinitely.

This decision, made during a session held at the assembly quarters in Port Harcourt on Friday, has raised concerns about the fate of the 2025 Appropriation Bill.

Governor Siminalayi Fubara had earlier written to the Assembly, requesting a new date for the budget presentation after his initial attempt on March 12 was unsuccessful.

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He and his entourage were reportedly locked out of the Assembly Complex, despite prior notice of his visit.

In his latest letter, dated March 13, the governor proposed presenting the budget on March 19 or any other convenient date within the month.

He reminded the lawmakers that the Supreme Court, in a ruling on February 28, had directed the presentation of the budget to the Assembly.

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El-Rufai’s son apologises to Nigerians over tweet supporting Southern Kaduna k!llings

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Bashir El-Rufai, the son of ex- Kaduna State Governor Nasir El-Rufai, has begged Nigerians following backlash over his controversial comment on X (formerly Twitter).

Bashir, known for his brash social media presence, had posted a controversial remark suggesting that the killings in Southern Kaduna would persist if residents continued to attack Fulani herdsmen.

It is your stupid mother that is an elephant. And Southern Kaduna residents will keep seeing sheghe (trouble or suffering) if they continue to attack indigenous Fulani herdsmen.

” Oloshi,” Bashir wrote in response to an X user, @qykali, who had accused his father of overseeing “industrial-scale ethnic cleansing” in the region during his tenure as governor.

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The term sheghe (shege)—a Hausa slang implying severe suffering—was perceived as an endorsement of violence, igniting outrage from many Nigerians who saw it as an attempt to justify the recurring massacres in Southern Kaduna, where suspected herdsmen have repeatedly attacked communities.

Following the backlash, Bashir deleted the tweet and later offered an apology, admitting that his initial post was “in bad taste.”

My tweet about Southern Kaduna residents & persecuted Fulani herdsmen was in bad taste & also badly written in an attempt to make a point in the heat of the moment. I apologize for that to those that know me, and are aware that I don’t harbor such sentiments,” he wrote on X.

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FCT Minister is not having sleepless nights over Rivers politics– Olayinka

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Lere Olayinka, the Senior Special Assistant on Public Communication to Nyesom Wike, has stated that the Minister’s involvement in Rivers State politics has not in any way hindered his duties in the Federal Capital Territory (FCT).

In an interview with TVC, Olayinka emphasized that Wike, as a politician, must remain actively engaged in politics to maintain relevance.

He rubbished speculations that Wike’s political activities in Rivers State have distracted him from his ministerial responsibilities.

According to Olayinka, Wike possesses remarkable energy and multitasking abilities, ensuring that his work in the FCT remains unaffected. He highlighted that the minister’s performance is evident on the streets of Abuja, where residents can attest to his efforts in governance.

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Olayinka also noted that while no leader can solve all problems, Wike’s contributions to the FCT are undeniable, and his political engagements should not be viewed as a distraction.

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