LCCI Calls on FG to Reform Manufacturing Sector Amid Rising Costs and Power Woes

The Lagos Chamber of Commerce and Industry has urged the Federal Government to tackle key obstacles hampering Nigeria’s manufacturing growth. According to the chamber’s president, weak fiscal management, poor budget execution and structural barriers continue to limit productivity despite sector tax revenues rising. VAT from manufacturing hit ₦1.17 trillion in 2025, while Company Income Tax also climbed, yet production costs remain high. Unstable power supply, expensive diesel and a weak distribution network force many manufacturers to rely on costly generators. Delays in government fund releases, high import duties on raw materials and port bottlenecks further drive up expenses. The LCCI calls for balanced policies such as reduced tariffs, faster port processes and stronger support for local industry. It also urges investment in renewable energy and a reliable capital budget framework to ensure projects are fully funded and completed on time.

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