CPPE: Nigeria’s manufacturing sector still struggling after 26 years of democracy

By Merit Ibe
Nigeria’s manufacturing sector remains trapped in a low-growth cycle despite 26 years of democratic governance, according to the Director of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf.
In a policy brief titled Manufacturing under Democracy: A Story of Resilience Amid Structural Adversity, Yusuf noted that the sector’s contribution to GDP has largely stagnated at between 9 and 10 per cent, reflecting the absence of meaningful industrial transformation despite numerous policy reforms and initiatives.
He stressed that industrialisation is critical to economic transformation, job creation, value addition, export competitiveness and resilience...