Dr. Segun Ajayi-Kadir
The Director-General Manufacturers Association of Nigeria (MAN), Dr. Segun Ajayi-Kadir, has raised concerns over the worsening impact of insecurity on industrial activities in the Northeast, revealing that approximately 60 per cent of industries in the region have shut down operations.
Ajayi-Kadir made the disclosure while receiving members of the Executive Council of the Congress of Industrialists and Corporate Affairs Correspondents Association of Nigeria (CICAN) during a courtesy visit to the association's headquarters in Lagos.
According to him, persistent security challenges, including insurgency, banditry, and other violent crimes, have created a hostile business environment that has forced many manufacturers to either suspend production or relocate their operations.
Insecurity Taking a Heavy Toll on Industry
The MAN Director-General noted that prolonged insecurity has severely disrupted supply chains, increased production costs, and displaced numerous industries that once played vital roles in job creation and economic development across the Northeast.
He explained that many industrial facilities in the region have become inactive, while potential investors remain reluctant to establish new manufacturing plants or expand existing operations due to concerns about the safety of personnel, equipment, and investments.
"The closure and displacement of industries have resulted in the loss of thousands of jobs, increased poverty levels, and reduced economic opportunities for residents of the affected states," he said.
Ajayi-Kadir stressed that sustainable industrial growth cannot thrive in an atmosphere of insecurity and urged the Federal Government and security agencies to intensify efforts to restore peace and stability in the region.
He added that improved security would encourage displaced manufacturers to return, attract new investments, and help revive economic activities across the Northeast.
Call for Targeted Support
Beyond addressing security concerns, Ajayi-Kadir called for targeted intervention measures to support struggling industries. These include improved infrastructure, easier access to financing, and incentives aimed at rebuilding the region's industrial base.
Despite the challenges, he expressed optimism that the Northeast could reclaim its status as a major hub for manufacturing and commerce if security conditions improve and government support remains consistent.
Economic Reforms Showing Early Signs of Progress
The MAN chief commended President Bola Ahmed Tinubu for introducing bold economic reforms aimed at repositioning the nation's economy, noting that some policies have started yielding positive results.
However, he lamented that many Nigerians are yet to fully experience the benefits of these reforms due to the activities of economic saboteurs and other systemic challenges.
He urged Nigerians to embrace aggressive industrialisation as a pathway to reducing dependence on imported goods, strengthening local production, and building a more resilient economy.
Dangote Refinery Eases Pressure on Fuel Market
Ajayi-Kadir also praised the Dangote Petroleum Refinery, describing it as a strategic national asset whose operations have provided significant relief for Nigerians.
According to him, the refinery has helped cushion the impact of global tensions, particularly the ongoing conflict in the Gulf region, which could have triggered sharp increases in domestic petroleum prices.
Tax Reforms Require Careful Implementation
Commenting on the country's new tax regime, Ajayi-Kadir described the reforms as a positive development capable of enhancing the business environment. However, he warned that poor implementation could undermine the objectives of the policy and negatively affect the manufacturing sector.
He reaffirmed MAN's commitment to protecting the interests of manufacturers and advocating policies that address the challenges facing businesses across the country.
Media Remains Key Partner in Development
The MAN Director-General also acknowledged the important role of the media in promoting national development, describing journalists and industry correspondents as critical partners in advancing economic growth and public awareness.
He pledged the association's continued support for CICAN in the discharge of its professional responsibilities.
Earlier, CICAN Chairman, Alhaji Taiwo Hassan, said the visit was aimed at strengthening the long-standing relationship between the association and MAN.
Hassan disclosed that CICAN has concluded plans to intensify the promotion of the Made-in-Nigeria campaign to encourage patronage of locally manufactured products and support indigenous industries.
He noted that the initiative would contribute to job creation, increased industrial productivity, foreign exchange conservation, and overall national economic development.
"As stakeholders in economic reporting, we remain committed to supporting initiatives that promote local manufacturing and strengthen Nigeria's industrial sector," Hassan said.


















