Nigeria is sitting on over N40tn in untapped manufacturing opportunities, with imports meeting 64 per cent of local demand for manufactured goods in 2025, representing a $29.4bn market that domestic industry did not serve.
The figures were contained in the Nigerian Manufacturing Opportunity Report 2026 launched by SEID, a marketing communications and market intelligence firm in Lagos, at the recent 54th Annual General Meeting of the Manufacturers Association of Nigeria.
The report examines manufacturing opportunities across Nigeria’s subsectors, states, value chains and industrial clusters, while identifying areas where existing strengths can be deepened and competitiveness improved.
It said Nigeria’s manufacturing landscape was shaped by distinct areas of industrial strength, with different states, regions and value chains demonstrating varying levels of scale, specialisation and competitiveness.
The report noted that this created an opportunity to build on existing capabilities rather than adopt a one-size-fits-all approach to industrial development.
Manufacturing activity is spread
This post was originally published on this site.
