Agriculture and Non-Manufacturing Drive Nigeria's Business Growth

In April 2026, Nigeria's business environment showed expansion in the agriculture and non-manufacturing sectors, while the manufacturing sector faced contraction. The current business performance index (CBPI) increased to 102.1 points from 101.2 points in March 2026.

The agricultural sector rebounded to 103.2 points, although still below the 107.0 points recorded in April 2025. This growth was attributed to improved demand conditions linked to festive activities, despite challenges such as insecurity and high input costs.

Conversely, the manufacturing sector's index fell to 98.7 points from 103.4 points in March 2026, reflecting subdued performance across various subsectors, including textiles and cement. The non-manufacturing sector's index rose to 101.6 points, indicating a return to expansion, although it remained below the 123.6 points recorded in April 2025.

The report highlighted ongoing issues like limited access to credit and erratic power supply affecting business activities across sectors.