Nigeria’s industrial sector is facing challenges, with manufacturers paying higher value-added taxes in 2024 than in the past five years, while net output has plummeted to a 15-year low. CGTN examines the implications for businesses and consumers in West Africa’s largest economy.
Monday, September 1, 2025
Video - Nigerian businesses grapple with rising taxes amid declining output
Nigeria’s industrial sector is facing challenges, with manufacturers paying higher value-added taxes in 2024 than in the past five years, while net output has plummeted to a 15-year low. CGTN examines the implications for businesses and consumers in West Africa’s largest economy.
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