Manufacturing Sector Contribution to GDP in Nigeria (1990-2022)

Manufacturing Sector Contribution to GDP in Nigeria (1990-2022)

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Insights

Key Takeaways

Nigeria’s manufacturing contribution has seen a general downward trend since the 1990s, with a high of in 1994. By the early 2000s, manufacturing's share fell as oil and service sectors dominated. Recent rises, reaching in 2021, can be attributed to local manufacturing incentives and import substitution policies. Persistent inflation and infrastructural deficits, however, continue to limit sectoral growth.

Find out more through related statistics on Nigeria’s annual GDP growth rate, Nigeria’s net lending/borrowing (% of GDP), Nigeria’s industry sector GDP contribution.

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