Nigerian Manufacturers Target 10.2% GDP Contribution by 2026
Nigerian manufacturers are optimistic about boosting their contribution to the country's GDP to 10.2% by 2026, following a period of fragile growth in 2025. The Manufacturers Association of Nigeria (MAN) projects a real sector growth of 3.1%, driven by the implementation of new tax laws, the National Single Window project, and alignment with industrial policies.
PwC predicts increased investment inflows, adoption of technology like blockchain and AI, and growth in manufacturing output. Stanbic IBTC Bank's equity research head, Muyiwa Oni, expresses hope for a better economic outlook in Nigeria.
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