MANUFACTURING

Nigeria’s manufacturing sector is diverse and includes industries such as food and beverage production/ processing, textiles, cement production, and steel. The sector accounts for about 10% of GDP and is a key driver of economic growth. However, the sector faces challenges such as inadequate infrastructure, high production costs, and low-capacity utilization. Opportunities for investment in the sector include value-added manufacturing, export-oriented production, technology transfer, and digitalization. Nigeria’s manufacturing trade value is relatively low, but there is potential for growth in domestic/regional and international markets. Competitive advantage in this sector includes a large and growing domestic market, abundant natural resources, and a young and growing population. Shared value in this sector includes job creation, technology transfer, and industrial development.