Segun Kadir Ajayi

Segun Kadir Ajayi

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Segun Kadir Ajayi is the Director-General of the Manufacturers Association of Nigeria (MAN) and an influential voice in the country's industrial sector. He has been in the news highlighting the detrimental effects of rising government borrowing on private sector credit, emphasizing how the increased preference of banks to lend to the government is crowding out private sector investment. Ajayi advocates for policy interventions to stimulate industrial growth and ensure that businesses can access affordable credit to foster expansion and productivity.

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Recent news mentions

Segun Kadir Ajayi, the Director-General of the Manufacturers Association of Nigeria, commented on the crowding-out of private sector borrowing by government demand.

Domestic Borrowing in Nigeria Crowds Out Private Sector
The Punch·NigeriaNigeria· 2026-01-30
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