They raised concern about overregulation of business activities in Nigeria and uncertainty surrounding the implementation of the Nigeria Tax Act 2025, which might cast doubts on its expected benefits. The report said, “Manufacturers’ CEOs expressed dissatisfaction with the cost and size of credit from commercial banks to the manufacturing sector. “In addition, manufacturers claimed not to have felt a significant impact from government infrastructure on their productivity. “The uncertainty surrounding the implementation of the Nigeria Tax Act 2025 appeared to fuel doubts about the expected benefits of the tax reforms. The report said manufacturers reported a return of confidence in doing business in Nigeria within the second quarter.