SEID Report Puts Nigeria’s Untapped Manufacturing Opportunities at Over ₦40trn
Nigeria has over ₦40 trillion in untapped manufacturing opportunities, with imports meeting 64 per cent of local demand for manufactured goods in 2025, representing a $29.4 billion market that domestic
Nigeria's untapped manufacturing opportunities are estimated at over ₦40 trillion, according to a new SEID report launched at the Manufacturers Association of Nigeria (MAN). The report reveals that imports currently meet 64% of local demand for manufactured goods, creating a $29.4 billion market that domestic industry has not yet served.
The report identifies distinct areas of industrial strength across Nigeria's subsectors, states, value chains, and industrial clusters, with the South-West being the largest manufacturing zone. The findings suggest that Nigeria has the potential to deepen its manufacturing sector by building on existing capabilities and improving competitiveness in areas such as value chains, energy, logistics, infrastructure, and technical skills.
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