The Manufacturers Association of Nigeria (MAN) has lamented that the Federal Government is placing its 77 trillion naira debt burden on the manufacturers in the country.

The association also said its members have been hit with high multiple taxes.

In its first quarter Manufacturers CEO Confidence Index, MAN noted that the nation’s tax burden which has “domino effects of escalating public debt on the manufacturing sector are endless.”

The association noted that Nigeria’s rising domestic debt is affecting the survival of private investments in the manufacturing sector.