Rising Demand Not Translating To Higher Manufacturing Margins – Expert

The managing director and chief executive officer of Coleman Technical Industries Limited, George Onafowokan, has said that while demand in Nigeria’s manufacturing sector has improved in 2026, rising input and operating costs continue to squeeze profit margins.
Onafowokan, who spoke while assessing manufacturing activities in the third quarter of 2026, said the improvement in the Purchasing Managers’ Index (PMI) was a positive indication of increased industrial activity.
He noted that the PMI had risen from 50.6 to 52 for industry, showing that manufacturers were buying more and experiencing increased demand.
According to him, however, increased demand and turnover have not automati...