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Investors retreat as manufacturing sector loses appeal – MAN

Naija News • 3d ago
Investors retreat as manufacturing sector loses appeal – MAN
The Manufacturers Association of Nigeria has expressed concern that investors are avoiding long-term production commitments in the country, as the manufacturing sector suffered a 54.11 per cent plunge in foreign investment in the first nine months of 2025, despite a sharp rise in overall capital importation. Data from the National Bureau of Statistics showed that capital imported into the production and manufacturing sector decreased to $463.52m in the first nine months of 2025 from $1.01bn recorded in the corresponding period of 2024. However, total capital importation into Nigeria surged 131.96 per cent to $16.78bn in the nine months of 2025, compared to $7.23bn in the same period of 2024. A breakdown of the NBS data showed that the manufacturing sector attracted $129.92m in Q1 2025, ...
Source: Original Article. AI-enhanced version.