{
  "id": 13039626,
  "title": "Nigeria leaves N40tn manufacturing opportunities untapped – Report",
  "url": "https://urgent.news/2026/10/09/nigeria-leaves-n40tn-manufacturing-opportunities-untapped-report-13039626",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T05:46:27.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/nigeria-leaves-n40tn-manufacturing-opportunities-untapped-report/"
  },
  "original_language": "en",
  "account": "Nigeria possesses over N40tn in untapped manufacturing potential, with imports accounting for 64% of local demand in 2025, generating a $29.4bn market. The Nigerian Manufacturing Opportunity Report 2026, unveiled by SEID at the Manufacturers Association of Nigeria's 54th Annual General Meeting, delves into manufacturing prospects across subsectors, states, value chains, and industrial clusters. The report highlights distinct areas of industrial strength, demonstrating varying levels of scale, specialization, and competitiveness across Nigeria's states and regions. This diversity offers opportunities for building upon existing capabilities rather than adopting a uniform approach to industrial development. SEID's Managing Partner, Tubosun Akeju, emphasized that Nigeria already possesses the demand and industrial strengths necessary to fortify its manufacturing sector. The report encourages decision-makers to identify immediate opportunities, assess progress, and pinpoint areas requiring enhancement to unlock greater value. Manufacturing's contribution to GDP has been stagnant at 8.05% in 2025, down from 8.42% in 2023. While manufacturing remains a crucial sector, the focus should not only be on increasing production but also on enhancing competitiveness through value chain strengthening, energy, logistics, infrastructure, and technical skills. Nigeria's export intensity in manufacturing remains below the Sub-Saharan African average, underscoring the need to venture beyond domestic market serving. The report identifies the Light Manufacturing and Packaging, Food and Agro-processing, Textiles, Apparel and Leather, Chemicals and Pharmaceuticals, and Cement and Steel subsectors as the major contributors, accounting for 71% of manufacturing output. Emerging strengths, such as gas-linked fertiliser production, indicate Nigeria's potential to compete in specific niches with the right combination of feedstock, scale, and industrial capacity. The report offers valuable insights for investors, manufacturers, and policymakers, guiding them in identifying where to enter, scale, and enable growth in Nigeria's manufacturing sector.",
  "summary": "A new report reveals Nigeria has over N40tn in untapped manufacturing opportunities, with imports meeting 64% of local demand for manufactured goods. Read More: https://punchng.com/nigeria-leaves-n40tn-manufacturing-opportunities-untapped-report/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Nigeria leaves N40tn manufacturing opportunities untapped – Report",
        "url": "https://urgent.news/2026/10/09/nigeria-leaves-n40tn-manufacturing-opportunities-untapped-report",
        "published": "2026-10-09T05:34:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}