After 26 Years Of Democracy, Manufacturing Still Small Slice Of GDP –Report

After 26 years of democratic rule, Nigeria’s manufacturing sector remains a small slice of the economy, contributing roughly nine to 10 per cent of gross domestic product and showing little sign of structural transformation, the Centre for the Promotion of Private Enterprise (CPPE) said on Thursday.
In a report titled “Manufacturing Under Democracy: A Story Of Resilience Amid Structural Adversity,” CPPE chief executive Dr Muda Yusuf said the stagnant share of manufacturing in GDP highlights the failure of successive policy pronouncements and reform initiatives to deliver decisive industrial growth.
Yusuf described industrialisation as essential for quality jobs, value addition and exp...