Nigeria’s Untapped Manufacturing Opportunities Worth N40trn —Report

Nigeria’s manufacturers failed to serve about $29.4 billion of local demand in 2025, a gap worth more than N40 trillion at 2025 exchange rates, according to a new report.
The Nigerian Manufacturing Opportunity Report 2026, published by SEID, a communications and market intelligence firm, releases on Tuesday, showed that imports supplied 64 per cent of local demand for manufactured goods last year. It describes the gap as a supply problem, not a demand problem.
Manufactured goods also made up about 53 per cent of Nigeria’s total import bill, the report said.
According to the report, manufacturing’s contribution to gross domestic product fell from 8.42 per cent in 2023 to 8.05 per cen...