Nigeria’s ambition to become a globally competitive manufacturing and export-driven economy continues to face major headwinds as persistent structural barriers threaten recent gains. Despite marginal growth in the manufacturing sector’s GDP contribution in the first quarter (Q1) of 2025 largely attributed to foreign exchange reforms, industry leaders and trade experts warn that deep-rooted challenges including poor infrastructure, limited access to long-term financing, weak regulatory coordination, and lack of market intelligence continue to
Nigeria’s ambition to become a globally competitive manufacturing and export-driven economy continues to face major headwinds as persistent structural barriers threaten recent gains. Despite marginal growth in the manufacturing sector’s GDP contribution in the first quarter (Q1) of 2025 largely attributed to foreign exchange reforms, industry leaders and trade experts warn that deep-rooted challenges including poor infrastructure, limited access to long-term financing, weak regulatory coordination, and lack of market intelligence continue to